Euro’s Founding Father Worries About Threat of Populism

Otmar Issing, the European Central Bank’s (ECB) first chief economist, told CNBC on Tuesday that his enthusiasm for the euro has waned amidst rising populism though was defiant that the future of the currency is secured.

Issing, who is widely regarded as the founding father of the single currency, argued that the question as to whether the future of the euro is under threat will always remain in spite of recent political events.

“All in all, Trump’s win, Brexit and other political events are global risks whereas the euro itself is relatively stable… and I say relatively because the rest of the world is unstable right now,” Issing told CNBC in a phone interview.

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