Hans Hoogervorst, former minister, on the European debt factory and option to leave the euro

Paul Buitink talks to former minister Hans Hoogervorst about the sustainability of the euro. At the beginning of 2022, Hans expressed his concerns about what he saw as the ECB's overly loose monetary policy and questioned the sustainability of the euro through various media outlets. The ECB has since raised interest rates and is now pursuing a less accommodative monetary policy. Nevertheless, Hans is still concerned about the sustainability of the euro. He believes that there have been insufficient reforms in recent years in a country such as Italy. Hans takes serious account of the fact that sooner or later there could be major problems for the euro as a result of the high debts. Leaving the euro would not be Hans' first choice. However, he believes that serious consideration should be given to this and that politicians still lack attention for the vulnerability of the euro system.