Niels Thygesen, Professor Emeritus of International Economics at the University of Copenhagen who served on the committee which prepared the outline of the European Monetary Union in 1988 denied the suggestion that the crisis had its roots in the lack of political will and economic consolidation in the 1980s and 90s, before the euro was introduced. But he said there had possibly been "some naivety" and that is was hard to foresee that the single currency would lead to the kind of financial interdependence we see now.
COMMENTS
Thank you for joining our discussion. Your comment has been posted.
Data is a real-time snapshot *Data is delayed at least 15 minutes Market Data Terms of Service
Global Business and Financial News, Stock Quotes, and Market Data and Analysis
More Comments
ADD COMMENTS
PREVIEW COMMENT