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Eurozone crisis: Single currency is a ‘disaster’ which has left EU banks in a ‘doom loop’
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Eurozone crisis: Single currency is a ‘disaster’ which has left EU banks in a ‘doom loop’

EU banks have been left in a ‘death loop’ as a result of the introduction of the euro, the bloc’s currency, an economist has claimed. Professor David Blake said the current situation also means Germany is owed more than £950billion it can never recover, and Italy and Spain each owing hundreds of billions which they can never repay. Prof...