Lights are dimming for the euro

Press quote (The Sunday Times)
21 November 2010

The Centre for European Reform's chief economist Simon Tilford says: "I don't think the current membership of the euro is written in stone." For a country to leave, he says, would be "very messy and risky" but it is no longer inconceivable. … Would Italy [which already has huge debts] be able to underwrite another X billion of debt, given that the markets might be sceptical they would get it back? I don't know," Tilford says.