Unity Makes Common Sense

25/06/2012

If Spain left the euro, it would face insurmountable difficulties in rebuilding a national monetary system, says Alfredo Pastor, professor of economics at IESE Business School. "So my impression is that in the end, common sense will prevail" and Spain will remain in the euro zone, he said.
 
Greece differs from countries like Spain because it lacks the economic might to recapture competitiveness over the coming years. On the other hand, the other peripheral countries - Spain, Italy, Portugal and Ireland - should maintain the euro because they can survive and profit from it.

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