Does the Euro survive?

Chris Watling & Harry  Colvin | Longview Economics | 03 August 2012

The Euro crisis has always ultimately only had two final outcomes – either a significant break-up of some form, whether a north-south split or a smaller Northern break away by the most fiscally sound and similarly structured economies (Germany, Finland and the Netherlands) – or, full political and economic union.

Increasingly, as this crisis has continued, the probability of option two has been rising and the probability of option one falling. Indeed, each chapter of the crisis has be...