Wednesday, August 31, 2011

Unintended Consequences: Economic and Monetary Union 'is Turning Europe's Nations Against Each Other'

So Ambrose Evans-Pritchard here, writing about Hans-Olaf Henkel's remarks in the Financial Times:

Hans-Olaf Henkel, former head of Germany's industry federation (BDI), wrote in the Financial Times that his support for the euro had been "the biggest professional mistake I have ever made". He described EMU as an unworkable experiment that is turning Europe's nations against each other.