Eurozone doomed whether Greece leaves or stays, study shows

The single currency is forcing its members further apart and cannot survive in its current form, new analysis shows

The Telegraph, By James Kirkup, June 21

The Eurozone is doomed and cannot survive in its current form, regardless of what happens to Greece, a major new study shows.

New research demonstrates that members of the single European currency are becoming more economically divergent, making a single rate of interest increasingly unsuitable for the bloc.

Political, social and cultural differences will also make it increasingly hard for the euro members to share a currency. Eventually, the Eurozone will have to either “integrate or disintegrate”, the analysis says.

The research, by economic consultants from the ECU Group, is part of Change, or Go, a wide-ranging study of Britain’s European Union membership and future prospects.

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