The assistance plan developed by European countries to strengthen and protect the euro has helped save the European currency in the short term but no more, said Monday the chief economist of the economic body of reference of the UN.
"The euro has been saved for the moment but not in the medium term. In the medium term, is the problem of competitiveness among European countries that should be resolved " , told AFP chief economist of the Conference of UN Trade and Development (UNCTAD), Heiner Flassbeck, on the sidelines of a conference on global crises taking place in Geneva.
"Germany must lose competitiveness and other countries must win," he said, adding that European countries lacked "political will" to address this issue.
Yes, yes, it is believed that the chief economist of the UN: Germany must lose competitiveness for Europe economic stability has improved!
UN is the way to solve a problem: dumb down.
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