The ECB has a bloated balance sheet, loaded to the gunnels with low grade peripheral debt, says David Brown. If just one country exits the euro it would likely spell the end of the currency but also signal a massive setback for European economic integration and future political unity. Photo: Reuters

Europe destined for another contagion crisis

A copycat EU exit vote, or should just one single country turn its back on the euro, could send the troubled continent over the edge

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The ECB has a bloated balance sheet, loaded to the gunnels with low grade peripheral debt, says David Brown. If just one country exits the euro it would likely spell the end of the currency but also signal a massive setback for European economic integration and future political unity. Photo: Reuters
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