GERMANY must damage its own economy if it truly wants to save the euro from collapsing, a top Greek economist has stated.

The Bank of America’s Head of European Currency Strategy Athanasios Vamvakidis said that the German economy has a crucial role to play in keep the currency alive but it must harm itself in order to do so.

German Finance Minister Wolfgang Schäuble has to drop the country’s “black zero” policy, according to the Bank of America report “The Day After The Euro, written by Mr Vamvakidis.

The policy is Germany’s current programme of austerity measures that surprise demand and helps to artificially boost the competitiveness of the country’s products, which in turn damages the productivity of other countries in the euro.

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