EU Referendum

Eurocrash: don't wait too long


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The pooling of foreign debt - for example, via eurobonds - is not an option, writes Jens Ehrhardt, founder and head of wealth management capital DJE. It would simply drag Germany into a swamp of debt.

The only sensible solution is for Germany to escape from the eurozone. The euro would then depreciate heavily, giving the Mediterranean countries another chance to be competitive.

Ehrhardt also has advice for the politicians: do not wait too long before taking the necessary adjustment processes. The longer you wait, the more painful they become. Furthermore, he says, the claim: "The euro ensures peace in Europe" will turn into the opposite.