Merkel adviser: Euro may only survive for five years

One of the German government's closest economic advisers has warned the euro has a "limited chance of survival" and may only last for another five years.

In an interview with newspaper Welt am Sonntag, Dr Konrad, chairman of a scientific council that advises the finance ministry, said: "Europe is important to me. Not the euro. And I would only give the euro a limited chance of survival." Asked whether the single currency could last five years, he said: "A concrete period is hard to identify as it depends on so many factors. But five years sounds realistic." He warned no country can pile up debts without risking their investors will pull out, the Telegraph reports. "It is in each [country's] interests to keep their own debts as smal...