Two years ago, the prospect of a state falling out of the single currency area was unthinkable. But as the Greek electorate turns against austerity, it is becoming all too easy to picture how breakup might happen
Mass unemployment in Greece, inflation at 50%, a devastating recession and Greeks heading for the borders – that's the apocalyptic scenario being painted by some economists in the increasingly likely event that Greece leaves the eurozone in coming months.
Greece is small in economic terms: it contributes only 2.2% of eurozone GDP. But withdrawal from the single currency would unleash chaos in the country, and have potentially severe knock-on effects on
Mass unemployment in Greece, inflation at 50%, a devastating recession and Greeks heading for the borders – that's the apocalyptic scenario being painted by some economists in the increasingly likely event that Greece leaves the eurozone in coming months.
Greece is small in economic terms: it contributes only 2.2% of eurozone GDP. But withdrawal from the single currency would unleash chaos in the country, and have potentially severe knock-on effects on