Eurozone set to fall apart one by one, warn top economists

For immediate release 2 December 2010The small, debt-ridden countries on the fringes of the European Union will soon start dropping out of the Euro, according to a major new report by two top economic think-tanks from both sides of the Atlantic. The experts predict that the staggering £70 billion bail-out of Ireland, underwritten by UK taxpayers, agreed at the weekend is doomed to fail. One of the beleaguered so-called PIGS (Portugal, Ireland, Greece, and Spain) will be driven to abandon the single currency and within three years the rest of will be forced to follow suit. The experts say