Deutsche Bank Chief Economist 'Greece Is a Crucial Test' for Euro

Tackling the Greek crisis is the biggest test yet for the monetary union, says German Bank chief economist Thomas Mayer. In a SPIEGEL ONLINE interview he warns that a reckless bailout for Greece could lead to the disintegration of the European common currency.
The euro symbol in front of the European Parliament headquarters in Brussels: "We should never steer towards a transfer union."

The euro symbol in front of the European Parliament headquarters in Brussels: "We should never steer towards a transfer union."

Virginia Mayo/ AP
Interview conducted by Anne Seith