To keep or not keep the Euro (George Alogoskoufis, Hans-Werner Sinn)

George Alogoskoufis (Athens University, former Greek Finance Minister) and Hans-Werner Sinn (University of Munich), agreed at the 2014 Forum for Economic Dialogue that the Euro will survive. While Alogoskoufis is a strong defender of the Euro, Sinn said the Euro was a mistake. However, Sinn did not advocate dismantling the common currency. In the current model, he sees the temptation for countries to further increase debt, and warns, “You cannot grow by borrowing more.” He favors a model in which states can temporarily exit the Eurozone with an option to return.
www.ubscenter....
Discussants:
Prof. George Alogoskoufis, Athens University, and former Greek Finance Minister
Prof. Hans-Werner Sinn, University of Munich (LMU), Ifo Institute
Moderator: Prof. Alberto Alesina, Harvard University
#EconomicsForSociety #UniversityofZurich #UBSCenterForum

[@Teddy681]

It´s not possible for Germany to leave the Euro-Zone. If Germany tells it will leave the Euro-Zone all free capital will flow to Germany to get transferred into the new currency.

[@iknownothing0]

I wonder what Varoufakis thiks of alogoskoufis????

[@cupidstuntts]

G. Alogoskoufis "democracy is a very imperfect system, but it is better than the alternatives." A wise word, if you consider: observing the current state of mind, the alternative could hardly be anything but facism. And Sinn preferred not to answer the only constructive question, "why shouldn't the germans leave the Euro" ... what would solve 90+% of all problems - by ending the current german export boom that empties the periphery of eurozone - as germans as well did not do thier homeworks: unit labour costs 40% lower than the rest of the eurozone will continue to compete europe against the wall

[@woohoohaha7607]

Where are u from?

[@woohoohaha7607]

Bullshit Greece needs to get its act together stop blaming Germany for everything

[@nurlatifahmohdnor8939]

debt = daiyn