Nobel Prize winner says euro is a big mistake

The Nobel laureat for economics, Professor Milton Friedman, one of the most respected economists in the world, has said that he thought the euro was a big mistake. In an interview to the Corriera della Sera he explained that far from creating unity the euro would emphasise discrepancies and create monetary turbulence in the euro-zone. He gave Italy and Ireland as examples of countries that needed radically different monetary policies, Italy needing more flexibility and Ireland a tighter polic...