"The consequences of a collapse would not be pretty. Whichever country precipitated it - Germany by threatening to abandon the euro, or Greece or Spain by actually doing so - would trigger economic chaos and incur its neighbours' wrath."

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Source : "Unity of the European Union is about to be tested" by Barry Eichengreen, www.theguardian.com. December 13, 2012.

Barry Eichengreen

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