Photo: Wikimedia Commons
In an interview, former Dutch politician Frits Bolkestein predicted the “inevitable” breakdown of the Euro.He says Eurobonds would be a “disastrous” idea, saying…
“That means that the Netherlands must pay more interest. I have calculated that thing up to seven billion euros per year. Each year. We already have problems to eighteen billion cut in four years. “
And he says he would not “shed a tear” if Italy left.
Ultimately he sees the emergency of a “Neuro” comprise of Germany and other Northern European economies.