Thursday, April 22, 2010

Starbatty and the Euro (amv)

Some days ago, I predicted that Joachim Starbatty will take legal action against looming European transfers to Greece. And he indeed does. Since the Eurozone is no 'optimal currency area', the Maastricht criteria were imposed to garantuee at least some convergence. An essential part of Maastricht is the 'no bail-out' clause. Thus, Starbatty fights for a sound Euro. Here the interview (in German).