From EU Observer 10.07.2002 - 09:38 CET
Milton Friedman: EU to collapse within 10 years The EU and its single currency euro will exist for some 5-10 years and then will just breakup, according to 86-year old Prof Milton Friedman, one of the leading libertarian economists. As reasons for such an EU disintegration, the Nobel Laureate points to linguistic and cultural differences as well as external economic factors, the Izvestia reports. According to the US economist, giving up national monetary policy in eurozone countries leads to a higher unemployment rate as an immediate result of economic problems. Its is the "Achilles' heel" of the euro, Mr Friedman believes. If the monetary policy of the European Central Bank (ECB) is correct for a country like Ireland, for Germany it is absolutely not positive, he points out. Press Articles Novosti Izvestia Written by Marcin Frydrych Edited by Honor Mahony
This report is interesting in two ways:
First, the coming collapse of the EU is excellent news.
Secondly, given that Milton Friedman was 89 years old earlier this month and is now apparently 86, supporting freedom makes you younger!