Euro Area Headed for Break-Up, SocGen’s Edwards Says (Update2) – BusinessWeek


More fallout from the Greece situation:

Tommaso Padoa-Schioppa, a former European Central Bank executive board member and Italian finance minister, said today there was no possibility of a partition of the euro-zone.

“I don’t think there is any prospect for such an event and I don’t think it makes much sense to talk about it,” he said in an interview on Bloomberg Television.

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