Top economist foresees currency crisis if France votes No

A top German economist has warned of serious economic consequences if there is a No to the EU Constitution in the 29 May referendum in France.

The chief economist at Deutsche Bank, Norbert Walter, told FT Deutschland that a French No might cause a currency crisis in the new member states.

"There could be speculative attacks on currencies of the new EU member states", Mr Walter said. "These countries would then have to raise their interest rates. It could cause enormous exchange ra...