They invented the euro and invited everybody to become a member of the euro area
Last Updated on Wednesday, 26 October 2011 15:14 Written by The Editor Wednesday, 26 October 2011 14:57

"They invented the euro and invited everybody to become a member of the euro area. And that was done without changing the rules or clarifying the rules before hand. This was when the great mistakes were made. What we are suffering now is the consequence of that failure"
- Helmut Schmidt - West German Chancellor - 1974 - 1982
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