Sunday, November 20, 2016

Bolkestein: Big D-Mark Area Currency Will Replace Euro

Frits Bolkestein is a former Dutch EU Commissioner, leader of the Dutch Liberal Party (VVD) and Defense Minister.  He says that the Eurozone is a failure as the economic differences between southern and northern Europe are too big.  He thinks that a northern European enlarged D-Mark currency will replace the Euro.  If so, it will be adopted by Germany, the Netherlands, Belgium and Austria.  The big question is whether France will belong to the new currency area.  If not, the political bond between France and Germany will fade away.  This is currently the main bond in the European Union.

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