Euro could either break up or unite: Stephen King, HSBC Bank

Stephen King, Group Chief Economist & Global Head of Economics & Asset Allocation Research, HSBC Bank PLC says that Europe has two choices now - either to break up the Euro as there is no particular agreement between the northern European and southern European nations or that it moves more closely towards fiscal and political union. He adds that, "it is pretty clear from the political messages coming through from Europe that much more pressure moving towards a political and fiscal union".