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Euro founding father Otmar Issing warns about project's future
Image copyright AFP A founding father of monetary union has given a damning assessment of the euro bloc, saying that not incorporating an exit strategy was a mistake. Prof Otmar Issing told the BBC's Wake up to Money that faultlines across the eurozone remain, citing economic weakness in Greece, Portugal and Italy. The European Central Bank's first chief economist also warned about the impact of negative interest rates. And he said political pressures threatened central banks' independence. Prof Issing told the BBC that structural problems in the eurozone and dwindling public support in some countries were still ... (full story)