
“A Nobel prize-winning economist will on Thursday withdraw his support for the euro saying it has created a ‘lost generation’ unemployed youngsters and should be broken up. Sir Christopher Pissarides was once a key proponent of a single currency but will on Thursday accuse the euro of ‘dividing Europe’ and say action is needed to ‘restore the euro’s credibility in international markets’ and the ‘trust that Europe’s nations once had in each other’, according to the Daily Mail. The Cypriot-British economist, who won the Nobel prize in 2010, is speaking days after Christine Lagarde, the head of the International Monetary Fund, insisted the crisis in the eurozone was not yet over.”
Related posts:
Bank of England Says Government Should Split Up RBS, Accept Loss
Iraq Kurds reach out to Baghdad to fight surging al Qaeda
Richard Branson: Space tourism won’t hurt environment
Spanish bank deposits turn into a waking Iberian nightmare
Bitcoin concept is gaining currency
'Where is the evidence my son was a terrorist?'
Labour joins Tories in blocking UK Independence Party members from debates
Germany Said to Review ‘No-Spy’ Buying Rules Amid U.S. Row
NSA deeply involved in drone strikes against terror suspects
Missouri Governor to Triple National Guard Presence in St. Louis
Edward Snowden's Leaks Will Not Lead to Change: Intelligence Experts
Marijuana's March Towards Mainstream Confounds Feds
For Congress, ‘it’s classified’ is new equivalent of ‘none of your business’
Jim Rogers: It is easier to Get Rich in Asia than it is in America now
Greek youth unemployment soars to 64.9% as Biden claims stake in Greece's success