A bomb statement is expected to be made by Cypriot Nobel Prize-winning economist and LSE economics professor Christoforos Pissaridis, who has spoken out against the euro, saying it has created a "lost generation" of unemployed youth and should be disbanded.
According to information from the Daily Mail and the Telegraph, Sir Christoforos Pissaridis, who was one of the main supporters of the euro, is expected to accuse the single currency in a speech on Thursday at the London School of Economics, on the grounds that it "divides Europe". and that "work is needed to restore the euro's credibility in international markets and the trust that European countries once had in each other."
At the same time, according to the two English newspapers, Sir Pissaridis is expected to state the following: "The euro must either be dismantled in a controlled way or its main members must do what is necessary as soon as possible to make it friendly to growth and employment. We will not go anywhere if we continue with the current line of ad-hoc policy-making and inconsistent debt relief policies. The tactics now being used to stabilize the euro are costing jobs in Europe and creating a lost generation of educated young people. That is not what the founding fathers promised us. "
The Telegraph points out that some economists argue that Europe can not implement the policies needed to stimulate growth and job creation, due to large differences in economies across the region.
Source: iefimerida.gr