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Could Greece laser the euro?

Mark Mardell | 16:55 UK time, Monday, 23 March 2009

Greece has been told to pull its socks up and sort out its problems by one of the EU's longest-serving politicians, Luxembourg's Prime Minister and chairman of the eurozone's finance ministers, Jean-Claude Juncker. old Greek 1,000-drachma note

There's been lots of speculation about the eurozone flying apart, or at least the weaker members being forced out. I am pretty certain the eurozone countries would move heaven and earth to prevent what they would regard as a political disaster.

But the CER think-tank has come up with a fascinating report on how to create a new currency overnight, which apparently could include burning holes in euro banknotes with lasers, or stamping them to turn them into punts, drachmas, or whatever.

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