Littlewood: Euro will fail without money printing

Artemis' William Littlewood has said he expects eurozone policymakers to begin printing money in order to save the single currency.

So far Europe has shied away from quantitative easing in the form taken by the UK and US. Outgoing European Central Bank President Jean-Claude Trichet last week rebuked suggestions the ECB's government bond purchases were tantamount to printing money, saying such interpretations are "completely inaccurate". However Littlewood expects policymakers to take action in order to preserve the single currency. "Without money printing, or deeper fiscal union, which would need to involve substantial transfers of wealth from the stronger countries to the weaker ones, the euro is likely to fai...