Sir Martin Jacomb.

Sir Martin Jacomb: It’s time for eurozone countries to revert to national currencies.Open Europe’s board member Sir Martin Jacomb writes in the FT, “The remedy [to the eurozone crisis] may seem unpalatable but it is time to revert to national currencies. Only in this way can the poorer countries have a chance to regain competitiveness. There was a time when a division in to two or more blocks looked feasible, but it is too late for that now. The political imperative of sticking with the euro is so strong that leaders are not yet able to contemplate a reversal such as this. The tragic result of this attitude is rising unemployment and economic hardship in poorer states. The political and human cost of this is immeasurable.”