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Southern eurozone states should leave the club, said Mr Nolling (Photo: Alessandro Marotta)

Critics slams Europe's rescue mechanisms as a threat to social peace

A member of a German quintet of professors that is currently challenging the legality of Europe's recently-devised support measures has said they threaten to create enormous tensions between EU citizens if allowed to stand.

In a telephone interview with EUobserver on Thursday (22 July), Wilhelm Nolling, professor of economics at the University of Hamburg, said the idea that Greece would be able to pay back its loans to EU states was simply "ridiculous," given the country's level of ind...

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Southern eurozone states should leave the club, said Mr Nolling (Photo: Alessandro Marotta)

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