In response to an FT article by Chris Giles on 29th February 2016, entitled 'Former BoE chief King predicts collapse of the eurozone'
Central Bankers rarely tell the 'truth' whilst in office, except maybe Dr Yellen, who appears genuinely clueless rather than obfuscatory. When they leave office it's a different matter...Mr Greenspan has been waving the can in the air enough to suggest that he may spill the beans one day. I'd love to know why, for example, he appeared to 'forget' everything he previously knew about blowing bubbles after George H W Bush blamed him for not blowing one prior to his attempt to win a second term...he certainly never made that 'mistake' again.
What we can say with certainty is that Mr King is not trying to persuade readers to vote 'remain' - the FT is. But irrespective of whether we stay or leave, the euro is a flawed currency - monetary union without fiscal union will lead to repeated crises until that situation is resolved - either by union, or dissolution, or collapse.
I was never a fan of Lord King - but on that I think he is absolutely spot on.