The euro debate

The pressure on the hapless euro continues to build in 2010.

European Central Bank head Jean-Claude Trichet said yesterday that fears the eurozone might break up were "unfounded".

Spain is another candidate to be the first to exit the euro, the ill-fated experiment by out-of-touch European politicians.

Ireland is now another candidate to be the first to exit the euro.

Beware Greeks bearing euros. Some Germans are now rejecting banknotes issued by the flakier members of the eurozone.

Will the overvalued euro cause the currency to collapse?

Spain's foreign reserves are plummeting, and could trigger a major financial crisis - despite Spain's membership of the eurozone.

The book Should Britain leave the EU? was published by the Institute of Economic Affairs in 2005.

EU voters are telling the politicians they do not like the EU treaty. Several countries in the eurozone are drifting into recession and the euro declines on foreign exchanges.

The Business published the following editorial on the euro zone in October 2004.