Last Updated January 19, 2012
The end of the euro crisis could be in sight, although not in the sense that many politicians would like, according to the UK’s Centre for Economics and Business Research.
In January its chief executive, Douglas McWilliams, put a 60% chance on one or more countries leaving the eurozone during 2012 and a 99% chance on it breaking up entirely within the next 10 years. A drama that started in Greece over levels of leverage and has since dragged in banks and governments from across the region could conceivably blow the single-currency project apart.
