But that's not going to solve the basic problem that the ECB actually has, which is caused by the very existence of the euro itself. It simply is not possible to design a monetary policy which is appropriate for that eurozone. But the other, more important, problem is that the eurozone just isn't an optimal currency area. It's obviously not bad news that there is economic growth here in the eurozone but that's just not the important point. For we know very well that the basic problem is that very existence of the euro, of the eurozone, in that it's not an optimal currency area and thus should not exist at all.

Source: Forbes March 24, 2017 15:33 UTC