Economists call for political union to prevent euro collapse

Prominent Belgian economist Paul de Grauwe has argued the euro is bound to collapse in 10 to 20 years as there is no clear progress towards a political union in Europe.

Professor De Grauwe from the Catholic University of Leuven, advocated the creation of the common currency in the 1990s but his forthcoming research paper will present evidence of the euro's risks for the future, news agency AFP reports.

"A political union is the logical end-point of a currency union," Mr De Gra...