Martin Vander Weyer Martin Vander Weyer

You can’t bank on the euro

No common currency has succeeded without a single government: Martin Vander Weyer on the growing likelihood that the euro will fail

issue 11 June 2005

All sorts of revealing things have been said in recent days about the survival chances of the euro. Jean-Claude Trichet, president of the European Central Bank, declared that talk of disintegration was ‘complete nonsense’, as crazy as the suggestion that California might break away from the dollar. EU economics commissioner Joaquin Almunia reached for a different comparison, describing the euro as ‘an old-style marriage where divorce does not exist’.

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