InfoAlert: Euro 'is doomed' warn experts as eurozone 'sleepwalks towards disaster'

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Thursday, July 26, 2012

Euro 'is doomed' warn experts as eurozone 'sleepwalks towards disaster'

By HUGO DUNCAN, JAMES CHAPMAN and BECKY BARROW

PUBLISHED: 09:40, 25 July 2012 | UPDATED: 10:28, 25 July 2012

The euro has broken down and faces collapse with 'incalculable economic losses and human suffering', according to an extraordinary warning from a group of leading economists.

The 17 experts said Europe was 'sleepwalking towards disaster', adding that the situation in 'debtor countries has deteriorated dramatically'.