Jacques Delors: Euro was flawed from beginning
He told Britain’s Daily Telegraph that the lack of central powers to co-ordinate economic policies allowed some members to run up unsustainable debt.
As head of the European Commission from 1985 to 1995, he played a key role in the process that launched the euro.
The comments come amid growing doubts over the viability of the eurozone.
In his interview with the Daily Telegraph, Mr Delors says the debt crisis stems not from the idea of a single currency itself, but from “a fault in execution” by political leaders who oversaw its launch
Read the full story here: BBC News
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- Euro doomed from start, says Jacques Delors – Telegraph (skillsinfo.wordpress.com)
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- Eurozone was flawed from the start, says Jacques Delors (guardian.co.uk)
- Eurozone faulty, admits Delors (mirror.co.uk)
- Euro doomed from start, says Jacques Delors (telegraph.co.uk)
- Euro was flawed from the start, says former European Commission chief – Metro (metro.co.uk)
- Jacques Delors interview: Euro would still be strong if it had been built to my plan (telegraph.co.uk)
- Delors: Sun was right about euro (thesun.co.uk)