Greenspan: Eurozone could collapse without political union

Alan Greenspan

Without political union it is "very difficult to foresee the eurozone holding together", according to Alan Greenspan, who believes it is "just a matter of time" before Greece becomes the first member to leave.

Greenspan, Federal Reserve chair between 1987 and 2006, told BBC Radio 4 the present "crisis" cannot be resolved without Greece leaving the monetary union, in an interview broadcast yesterday.

"I do not see that it helps them to be in the euro, and I certainly do not see that it helps the

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