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Eurozone ‘has 80% chance of losing the single currency in next decade,’ claims think-tank

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Hugo Duncan
Daily Mail
Friday, December 31, 2010

There is an 80 per cent chance that the euro will not survive in its current form, a leading think tank has warned.

The financial crisis that has crippled Greece and Ireland will spread to other debt-ridden European countries in the New Year, according to the Centre for Economics and Business Research.

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Among those in the firing line will be Italy and Spain – the third and fourth biggest economies in the single currency bloc behind Germany and France.

‘We give the euro only a one in five chance of surviving in its present form for 10 years,’ says CEBR chief executive Douglas McWilliams.

Full story here.

This article was posted: Friday, December 31, 2010 at 2:45 am





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