Lone German Keynesian Advocates Pooling Euro Debt

Posted by Forexsq 693 days ago (http://www.bloomberg.com)
img In his office at the six-century-old University of Wuerzburg, Peter Bofinger contemplates the fate of his country under the weight of the European sovereign-debt crisis.

“Germany would be the biggest loser in a euro breakup,” he says. With his right hand, he does an emphatic knife chop onto a small round table. “Somehow, we need to save this thing.”

For the past year, as Chancellor Angela Merkel struggled to forge a euro-crisis solution that will pass muster with German voters, Bofinger, a 58-year-old economics professor, has been a leading voice among her economic opposition, Bloomberg Markets reports in its January issue

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