Markets Magazine
Lone German Keynesian Advocates Pooling Euro Debt
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In his office at the six-century-old University of Wuerzburg, Peter Bofinger contemplates the fate of his country under the weight of the European sovereign-debt crisis.
“Germany would be the biggest loser in a euro breakup,” he says. With his right hand, he does an emphatic knife chop onto a small round table. “Somehow, we need to save this thing.”