A Loveless Marriage
Document type: Interview
Pastor Bodmer, Alfredo
Geographic area: Spain
Many voices are calling for an orderly break-up of the euro, says Prof. Alfredo Pastor, arguing that an amicable divorce would be better than a bad marriage. But Pastor says that dismantling the euro would have incalculable costs in both the short and long run and that re-establishing the exchange rate mechanism would require even more political commitment than that needed to move towards greater fiscal union.
Bibliographic citation: IESE; IESE Insight, "A Loveless Marriage"