Graham responds to former ECB board member Otmar Issing's article, 'Europe's political union is an idea worthy of satire', published in the FT on 29th July.
Dear Otmar,
I read your article today - looking eagerly for your wise suggestions about how to solve the problems of the eurozone. Instead, I only found critcisms and questions with no answers. Your comments on eurozone bonds were particularly disappointing as you did not appear to recognise the bubble that exisits in the pricing of German bonds today - unless the eurozone cease to exist.
Yours ever,
Graham
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