The Big Question

THE BIG QUESTION

In the first of a new series for Investment Week, we ask industry experts.... Will the euro collapse? Will peripheral countries leave the currency?

Trevor Greetham, manager of Fidelity's Multi-Asset Strategic fund While the reluctance of stronger eurozone economies such as Germany to prop up their southern neighbours is understandable, I find it hard to believe monetary union will survive over the long term without large fiscal transfers from one country to another and a much greater degree of political integration. "The recovery is fragile and the strait-jacket of the single currency means policy makers in countries like Greece or Spain can't offset government spending cuts with currency devaluation or additional monetary stimul...