Jochen Bittner

Jochen Bittner, a regular contributor to the Advisor, argues that behind all of the euro zone debate lies a simple but unpleasant truth: The monetary union came too soon. Certainly it is difficult to shift strategies in the middle of a crisis, but Bittner contends that nothing less than a ‘reset’ will help the euro zone out of this mess, something the German government is eager to tackle, even if it won’t admit so publicly. This essay originally appeared in the January 18, 2011, edition of Die Zeit and is available in German only.