– January 11, 2011
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“Europe’s common currency, battered for more than a year by a sovereign debt crisis, is unlikely to survive the next decade in its current form, the Center for Economics and Business Research warned Friday.

In a list of top 10 predictions for 2011, the CEBR, a U.K.-based think-tank, gave the euro a slim one-in-five chance of being preserved in its present incarnation as the legal tender for the 16 nation currency bloc. That number will increase to 17 on Monday, when Estonia accedes to the euro zone.” Read more

“U.K. Think Tank Sees 20% Chance of Euro’s Survival” 
Javier E. David 
Wall Street Journal, December 31, 2010. 

Image by Idea go / FreeDigitalPhotos.net.

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Tom Duncan

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