Is it the end for the euro?

Press quote (Management Today)
Simon Tilford
31 January 2011

"The adjustments facing Greece, Ireland or Portugal were always a tall order," argued Simon Tilford, chief economist of the Centre for European Reform, in an analysis of the euro's woes. "Now that borrowing costs have ballooned, those adjustments are impossible. Under no plausible economic growth forecasts will these economies be able to pay back their debts."