A world-renowned Belgian economist, Paul de Grauwe told Finnish daily Helsingin Sanomat on Sunday that the eurozone will self-implode within 10 years. De Grauwe said that eurozone decision makers, led by Finland, Germany and Holland, have made a number of serious mistakes in managing the current crisis. These countries have demanded steadfast economic growth from ailing economies while swearing in the name of austerity. De Grauwe said that such demands have been unreasonable because Northern Europeans have applied strict economic policies on their own economies thus preventing southern eurozone members from flourishing. According to De Grauwe, Germany and Finland should not be proud of their budgetary discipline, but instead, should spend and stimulate.
Economist Predicts the end of Euro
