Otmar Issing

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Otmar Issing (born 27 March 1936 in Würzburg) is a German economist. As the former Chief Economist and Member of the Board of the European Central Bank (ECB) Issing developed the 'two pillar' approach to monetary policy decision-making that the ECB has adopted.


  • Realistically, it will be a case of muddling through, struggling from one crisis to the next. It is difficult to forecast how long this will continue for, but it cannot go on endlessly. Governments will pile up more debt — and then one day, the house of cards will collapse.

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