Euro at risk of collapse, says Treasury watchdog as economic crisis sweeps Continent | WHAT REALLY HAPPENED


Euro at risk of collapse, says Treasury watchdog as economic crisis sweeps Continent

‘General consensus’ is that currency unions ‘eventually fail’, Professor Steve Nickell, a senior member of the Office for Budget Responsibility, told MPs on the powerful Treasury Select Committee.

And the OBR’s chairman, Robert Chote, added: ‘We are not assuming a cataclysmic outcome for the eurozone but, as Steve said, monetary arrangements come and monetary arrangements go.’

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