Euro 'will be dead in five years' - papers

The euro will have broken up before the end of this Parliamentary term, according to the majority of economists surveyed by The Sunday Telegraph.

They believe the single currency is in its death throes and may not even survive in its current membership for a week, let alone the next five years. Of the 25 leading City economists surveyed, 12 predicted the euro would not survive in its current form this Parliamentary term, compared with eight who suspected it would. Five were undecided. Two of the eight experts who predicted the currency would survive said it would do so only at the cost of seeing at least one of its members default on its sovereign debt. Andrew Lilico, chief economist at think tank Policy Exchange, said there...