The former chairman of the US Federal Reserve, Alan Greenspan. Photo EPA / Shawn Thew
” Greece will eventually out of the euro steps. “That says Alan Greenspan, the former chairman of the system of federal banks in America, the Federal Reserve, in an interview with the BBC. Greenspan was from 1987 to 2006 president of the Fed and is still highly regarded in the financial world
By the BBC he says.
“I do not think that the current strategy will help Greece or the rest of eurozone. It is only a matter of time before everyone realizes that a “Grexit ‘is the best strategy”
According to Greenspan, the euro can only survive as a political union is formed:.
“I see well continue the euro in no other way, other than the Member States much more politically integrate with each other. Only financial share things does not help. “
The Greeks chose the parliamentary elections in late January a different political course. The new government wants to renegotiate the terms of the European support program to the country in recent years has taken on its feet financially. This has led to tensions with the other euro countries.
Greenspan has long been a critic of Europe’s currency. Though several times he said that only has a complete political union, a “United States of Europe, can save the currency. And because only a very limited number of the 19 Member States for such a far-reaching cooperation, the euro, according to Greenspan “doomed to fail”.
Moreover, Greenspan has sometimes been wrong in the past. So he said, wrongly, that markets and banks would always correct itself -. What did not happen as a result of the financial crisis in 2008.
In 2007, the NRC interviewed editors Maarten Schinkel and Freek Staps Alan Greenspan home. Read the interview here back (€): “I was born in the wrong century,”
Correction February 8:. in an earlier version of this message was that Alan Greenspan from 1987 to 1996 was president of the federal bank. That is incorrect, he was president until 2006
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