As part of our TARGET discussion, I had already asked what drives the alarmist economists, who only warn but never name the reasons for the problems they have “uncovered”? Now the leader of this species, Hans-Werner Sinn, is back and takes the twentieth anniversary of the euro as an opportunity to state completely pointlessly that the euro has not been a success story. …
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A loyal Makroskop reader recently sent me Hans-Werner Sinn’s TARGET article linked here (here a short version in the daily Frankfurter Allgemeine Zeitung (FAZ), in German) and asked a simple question: “Why is this man writing this? (Professor Sinn used to run the Ifo Institute for Economic Research in Munich). …
In a guest article for the Frankfurter Allgemeine Zeitung, fourteen German and French economists commented on proposed measures towards a deepening of European Monetary Union – which had been decided on a few weeks earlier in Meseberg at the Franco-German summit. …
