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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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza