On 20 September 2012, Prof. Arjo Klamer gave a lecture at Maastricht University entitled: A Better Europe without the Euro.
Prof. Klamer is professor of the Economics of Art and Culture at Erasmus University in Rotterdam, The Netherlands, and holds the world’s only chair in the field of cultural economics. Prior to that and after acquiring his PhD at Duke University, he taught for many years at several universities in the US, including Wellesley College and George Washington University.
Prof. Klamer was among the few Dutch economists who warned of problems with a common currency 20 years ago but were ignored or derided. “The euro is unsustainable,” he says, because “it simply lacks the political and social embedding that a sustainable currency requires.”
But what alternatives does he propose?
Doubts Arise in Euro’s Birthplace, Wall Street Journal, December 2011
The Euro is bound to fail, and that could be a good thing, a column by Arjo Klamer