With all the focus on the falling pound of late, it would be easy to miss when one of the founders of the euro claims that its days are numbered.
Maybe not in the short term, but in the medium term the currency’s future is more uncertain.
This is according to Professor Otmar Issing, the European Central Bank's first chief economist. Even if a weakening of the euro would be desirable for the mushroom industry just now - the prospect of the “whole house of cards collapsing” as Professor Issing puts it, would be a calamitous tidal wave of economic woe for everyone!
With QE continuing, and causing a slump for the euro against the dollar, there are signs that currency volatility will continue for some time to come. With the ECB pumping €80 billion a month into the banking system until March 2017 one might say there is something rotten, or at least unhealthy, in the state of the EU.
