Could a North/South split save the Euro?

McLean suggest that what is needed is not an exit by Greece from the Euro, but a split in the Euro roughly across a North/South divide. "This would see Germany cease to have an undervalued currency, and the Mediterranean countries would get a boost from devaluation. This would address the underlying problem, and stockmarkets might respond surprisingly well to this. What investors need is clarity, not another European fudge," Says McLean.   McLean believes Greece’s problems go well beyond debt. "The budget deficit will not be corrected until the economy is comprehensively reformed. Greece ...