Euro Sceptic Money Pick of the day
The euro is “a modern tragedy”, imposing intolerable pressures on European economies. Sooner or later the eurozone will come apart. “Divorce is likely, probably when a fringe party of some shade of ugliness wins an election. The easiest withdrawal would be if Germany returned to the Deutschmark, but given Germany’s history this will not happen. The euro will eventually unravel in the face of social pressures, in much the same way as Schengen has unravelled: through acrimonious disorder” (1,700 words)
