Eurozone collapse could start 'this year'

The eurozone could start to break apart this year with countries including Italy and Greece potentially exiting the single currency, a leading think-tank has warned.

While the single currency marked its tenth anniversary this weekend, the Centre for Economics and Business Research (CEBR) warns there is a 99% chance it would not survive the next 10 years. According to the Telegraph, the CEBR said the eurozone would likely start to break apart this year, having barely managed to retain all its member states in 2011 after the crises in Greece, Italy and Spain. "It now looks as though 2012 will be the year when the euro starts to break up," the CEBR said. Douglas McWilliams, CEBR chief executive, added: "It is not a done deal yet - we are only fore...