Interview With Historian Hans-Joachim Voth 'The Euro Can't Survive in Its Current Form'

Historian Hans-Joachim Voth gives the euro only another five years unless the euro zone is transformed into a full transfer union with massive redistribution. The continent is too culturally different to warrant a single currency, he says, adding that it would be best if Germany and other stronger economies left the euro zone.
Demonstrators in Madrid protesting against austerity measures in July.

Demonstrators in Madrid protesting against austerity measures in July.

Foto: SUSANA VERA/ REUTERS
Interview conducted by Alexander Jung and Gerhard Spörl.