Alan Greenspan, the former of the head of the US Federal Reserve from 1987 to 2006 and one of the world’s foremost economists told BBC Radio that Greece’s exit from the one-currency was inevitable.
Greenspan said: “I believe [Greece] will eventually leave. I don’t think it helps them or the rest of the eurozone – it is just a matter of time before everyone recognizes that parting is the best strategy.
“The problem is that there there is no way that I can conceive of the euro of continuing, unless and until all of the members of eurozone become politically integrated – actually even just fiscally integrated won’t do it.”
Listen to the interview here: