Eurozone 'Will Split By 2013' Over Bailouts
Originally posted by 5corpio
Research from economics consultancy CEBR shows that without a euro break-up, growth in southern Europe will be below 1.5% in every year to 2015.

The outlook for the eurozone's economy is bleak due to a combination of austerity packages, exports held back by the overall value of the euro and the impact of competition from east Asia.
The forecasts show growth on average in Italy between 2011-15 of 1.2%, Spain 1.0%, Portugal 0.6% and Greece -0.5%.

CEBR predicts Greece will be the first country to pull out of the eurozone, as the country struggles with its mounting debt problem.