It is difficult to see how a continuing increase in unemployment, balance of payments deficits and mounting foreign and public debt can go on. Something has to give in sooner rather than later: either the German have to be less restrictive in her attitude to mutual support or the Southern countries will leave one by one.
Jesper Jespersen is professor of economics at Roskilde University.(jesperj@ruc.dk [3]).
Member of the EMU committee appointed by the Council for European policy,2000, He has contributed at several Parliamentary hearings on EMU respectively in Januar 2009 and Februar 2012. Together with Dr. Bruno Amoroso published L’Europa oltre l’Euro, by RX-CastelVecchi, Roma, Settembre 2012, info@castelvecchieditore.com [4]
Links:
[1] http://insightweb.it/web/category/authors/jesper-jespersen
[2] http://insightweb.it/web/files/the_future_of_the_euro.pdf
[3] mailto:jesperj@ruc.dk
[4] mailto:info@castelvecchieditore.com