Ashoka Mody: Germany should leave euro

One of the IMF’s former European chiefs has claimed Germany should leave the eurozone after breaking the political taboo of suggesting a member state could exit the common currency.

Ashoka Mody, the IMF’s ex-head of mission to Ireland, wants Germany, not Greece, to leave the eurozone so it can operate more efficiently in its absence.

Like many economists, Mr Mody thinks the common currency is a fundamentally flawed construct the likes of Greece and Germany too dissimilar to operate. He claims a German exit would have limited negative impact.