States should leave eurozone to save economies, say bailout sceptics

IRELAND, Greece and other struggling countries should leave the euro zone to return their economies to full health, the plaintiffs in a lawsuit against Germany’s involvement in euro rescue schemes told a news conference yesterday.

The five academics made no comment on what verdict they expect from Germany’s Constitutional Court tomorrow , when it rules on whether Berlin broke any laws by contributing to current and past eurozone bailouts.

The three cases brought by five academics and Peter Gauweiler, a lawmaker from the Bavarian sister party of Chancellor Angela Merkel’s conservatives, deal with the legality of the bailouts, rather than what amounts to a largely theoretical debate about excluding any euro member state.