Issing says eurozone status quo is in danger
Monetary union still plagued by problems caused by economic but not political integration
Europe's economic and monetary union is being pulled apart by its failure to back economic integration with political, former European Central Bank (ECB) board member Otmar Issing said today (January 22).
It is a problem that was well recognised even when the euro was first designed, Issing told a conference held to mark economist Hans Werner Sinn's forthcoming retirement as president of the Ifo Institute.
Former German chancellor Helmut Kohl called political union the "indispensable counterpart
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