He is in the Krugman mold, an Ivy League, Nobel winning fool who thinks Europe should have more France and less Germany. His ideas are the reason Europe is trapped in slow to no growth and high unemployment.
He is half right in this case. His economics are right in that being pegged to Germany has ruined Greece’s economy and Germany sold them a false bill of goods; however, they still signed up even after most non-political economists forecasted this.