The euro was a good project at the wrong time and because some of the preconditions for its introduction were missing, it won't survive, said Swiss hedge fund manager Felix Zulauf in an interview with German Magazine WirtschaftWwoche. There were two opposing approaches for introducing the single currency, Mr. Felix explained: On one hand, the Bundesbank believed that the european economies need to complete a three decades of integration before the inception of a monetary union. On the other hand, the French thought that the structural adjustments would come automatically as a result of establishing the union. The ... (full story)