According to the Centre for Economics and Business Research (CEBR) report published on Monday, the likelihood of a euro breakup in the next decade has increased to 99 percent.
“It now looks as though 2012 will be the year when the euro starts to break up. It is not a done deal yet, we are only forecasting a 60 percent probability -- but our forecast is that by the end of the year at least one country (and probably more) will leave,” the London-based CEBR said in a statement.
The think tank said that Greece seemed "pretty certain" to leave the euro and it now looked "more likely than not" that Italy would follow suit.
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