With the domino effect in Europe’s faltering economies, the best solution for countries at risk is to leave the euro zone, believes Christoph Hoerstel, political and business consultant from Potsdam, Germany.
“It is very clear that the way we handled this cannot continue,” he said referring to the bailout of EU countries struggling in the crisis, such as Portugal, Spain and Ireland.“Once a nation cannot afford the euro any more there must be a complete resettlement of their debts. That means that Greece and others who are failing now should leave the euro and reinstate their own currencies and try to stabilize themselves apart from the euro zone. That might be something healthier,” he added.