'Father of the euro' calls for global currency

Robert Mundell, a nobel-prize winning economist, often credited with paving the way to the European single currency, has called for a global currency.

In an interview with French paper Libération, Mr Mundell said, "with the emergence of the euro and its instability against the dollar, Europe, the US and the Asian powers should come together and create a new international monetary system".

However, this would not mean the end of the euro and the dollar. Mr Mundell continues, "Of...