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Euro zone will break up, Bank of Thailand Governor predicts

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Euro coins and banknotes

Euro banknotes and Euro coins. Photo: Avij.

Bank of Thailand Governor Prasarn Trairatvorakul envisions the eventual break-up of the euro zone.

Much depends on the euro economies’ commitment to the handling of their structural problems and agreement to amend the Maastricht Treaty to embrace fiscal and labour integration, which are the kingpins of monetary integration.

The United States went through this crisis over 200 years ago when its currency, the dollar, was first conceived. To ensure that the dollar was the only currency in the country, the US needed fiscal integration of all states.

Read more: The Nation

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