From The Times
February 14, 2009

Britain’s bankers plumb new depths

Patrick Hosking: On the money

Jon Moulton, the private equity chief, warned a City lunch this week that he feared serious civil unrest. There was, he said, a 25 per cent chance of one of the 15 member countries of the eurozone pulling out of the currency club. That, he said, would be a catastrophic shock leading to a “far greater financial crisisâ€