Thursday, 15 September 2011 08:27 'Britain is drawing up contingency plans for a catastrophic collapse of the euro which experts fear could plunge our economy back into a recession ‘beyond comprehension’. Economists believe the EU would be unlikely to survive a disorderly break-up of the euro and say that even stronger economies could contract by as much as 25 per cent in the aftermath. Amid a mounting sense of inevitability that Greece will default on its massive debts and be forced to leave the single currency, the U.S. urged EU governments to use ‘overwhelming force’ to address the debt crisis.'
Thursday, 15 September 2011
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