Economist: euro collapse could be 'good news' for pensions

Speaking at the Pensions Management Institute's autumn conference, the economist said the decision to create a single eurozone currency was a bad one, as there was not required level of political unification in place. As a result, he said the euro would inevitably disintegrate as "all lunacies eventually go wrong". Nightingale said EU countries have yet to devalue because "they feel they will get a bail-out from Germany". However, he added that Germany is unlikely to pump funds into the failing economies of Spain and Greece as their intervention in former East Germany had led to al...