
Sign up to save your podcasts
Or


Can the euro be saved?
Europe's leaders think so; its central bank says there's no limit to the money it's prepared to spend to defend it.
But is their solution in danger of destroying not just a currency but Europe's union, too? Otmar Issing fears so.
As one of the most senior officials when the European Central Bank was founded, he helped bring the euro into being.
Until this year he advised Germany's Angela Merkel and he remains one of Europe's most influential economic voices.
When the euro was being planned, Otmar Issing believed that political union was essential.
Now he fears that centralising power in Brussels and Frankfurt and sharing financial risk could provoke a public backlash that would wreck both the currency and the continent.
By BBC World Service4.4
327327 ratings
Can the euro be saved?
Europe's leaders think so; its central bank says there's no limit to the money it's prepared to spend to defend it.
But is their solution in danger of destroying not just a currency but Europe's union, too? Otmar Issing fears so.
As one of the most senior officials when the European Central Bank was founded, he helped bring the euro into being.
Until this year he advised Germany's Angela Merkel and he remains one of Europe's most influential economic voices.
When the euro was being planned, Otmar Issing believed that political union was essential.
Now he fears that centralising power in Brussels and Frankfurt and sharing financial risk could provoke a public backlash that would wreck both the currency and the continent.

7,608 Listeners

1,090 Listeners

4,150 Listeners

520 Listeners

1,061 Listeners

377 Listeners

1,002 Listeners

298 Listeners

5,469 Listeners

1,802 Listeners

968 Listeners

593 Listeners

1,747 Listeners

1,041 Listeners

2,085 Listeners

744 Listeners

49 Listeners

2,545 Listeners

3,201 Listeners

1,032 Listeners

343 Listeners

26 Listeners