Some countries better off leaving eurozone, leading bank says

The world's second biggest bank, HSBC, argues that some countries might "benefit" from ditching the euro and suggests Italy could be the first candidate to leave the single currency.

The HSBC report, entitled "European meltdown?" suggests that Germany, the Netherlands and Italy have been damaged by European monetary policy and might consider leaving the eurozone, the Telegraph reported on Tuesday (12 July).

The paper pointed out it was necessary for some countries to "think more ...