End of the euro: Blocking free trade is biggest fear for world economy

Is it the end of the euro? (photo:dpa)
Is it the end of the euro? (photo:dpa)

Fears that ditching the euro as a currency will create a global economic crisis are far-fetched. What it would offer is a chance for the eurozone countries to abandon failing policies and develop competitiveness in world markets. The loss of free trade is a bigger concern to the global economy than the loss of the euro.

IT IS conceivable that the euro could vanish as the unique currency of 17 European countries.

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It is the nature of any monetary system, managed by central banks exercising macroeconomic regulation under pressure from governments, that it must either evolve or disappear. The euro cannot escape this fate either.

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