Dead currency for dead men
In a research paper published today, the Centre for Economics and Business Research (CEBR) claims that keeping "the euro alive will require cuts in living standards greater than the UK faced in the Second World War"
"There is no modern history of falling living standards in peacetime on the scale necessary to keep the euro in its current form. This is why I think there is at best a one-in-five chance that the euro will survive as it is," Douglas McWilliams, CEBR chief executive.
In mythology, a ferryman carries the souls of the newly deceased across the river Styx that divides the world of the living from the world of the dead.
A coin was placed in the mouth of the dead to pay for the passage.
"There is no modern history of falling living standards in peacetime on the scale necessary to keep the euro in its current form. This is why I think there is at best a one-in-five chance that the euro will survive as it is," Douglas McWilliams, CEBR chief executive.
In mythology, a ferryman carries the souls of the newly deceased across the river Styx that divides the world of the living from the world of the dead.
A coin was placed in the mouth of the dead to pay for the passage.
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