After the 2006 publication of his book “The Crash is Coming,” economist Max Otte became famous. In 2011 he launched another best seller, “Stop the Euro Disaster!,” which signalled the exit of Greece from the euro area and recommended that Spain return to the peseta. Otte has always argued that the euro has not united Europe.
Europe debt mutualisation
What future is there for Europe if each country understands the European destiny in its own way? The aim is to stabilise the euro. But each country has a different solution for achieving that. And at the centre of all the debates is Germany. Whatever it does, it upsets the apple cart.