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US Economist Kenneth Rogoff: 'Germany Has Been the Winner in the Globalization Process'

Posted by Forexsq 91 days ago (http://www.spiegel.de)
img Forexsq.com - In an interview with SPIEGEL, Harvard economist Kenneth Rogoff, 58, says it was a mistake to bring all the southern European countries into the common currency. He also argues that Greece should be granted a "sabbatical" from the euro and that a United States of Europe may take shape far sooner than many believe. SPIEGEL: Mr. Rogoff, the eurozone finance ministers are likely to soon provide Greece with new loans totalling €130 billion ($171 billion), with the aim of stabilizing the country for the next few years. Will that save the euro? Rogoff: It is hardly the final word, even for Greece

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