|German who helped start euro now calls for its end||| Print ||
|Written by Associated Press|
|Monday, 06 May 2013 06:18|
BERLIN (AP) — The leftwing opposition politician who was Germany's finance minister when the euro was adopted says it's time to think about abandoning the common currency in the wake of the enormous economic problems in southern Europe.
Oskar Lafontaine says on his website that struggling eurozone countries have not been able to devalue their currencies to help them cope with the economic crisis that has seen several slip into recession.
Lafontaine proposes a restructuring of Europe's banking system, stricter controls on lenders, and a return to the European monetary system that preceded the euro.
Lafontaine is now out of federal politics but is still an influential member of the Left Party, the successor to former East German communists.
Copyright 2013 The Associated Press.
Front Page Stories
|Perrysburg Twp. man gets 22 years for rape, assault
07/25/2014 | PETER KUEBECK, Sentinel Staff Writer
A Perrysburg Township man was sentenced to more than 22 years in prison Thursday afternoon after bei [ ... ]
|Otsego approves contract with staff|
07/25/2014 | Sentinel-Tribune
TONTOGANY - The Otsego school district has inked a new three-year contract with [ ... ]