Euro Collapse 'Would Trigger £1 Trillion BOE QE', Analysts

The Bank of England would be forced to unleash £1 trillion in quantitative easing if the euro zone broke up, experts have warned.

Analysts at Fathom Consulting said a collapse of the euro currency this year would also cause the British economy to shrink by 5.2 percent in 2013, with possible contingency plans to nationalize banks in the event of an all-out attack from the markets.