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Examples
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If there were a full-blown breakup of the euro zone, with members returning to their national currencies, the euro would drop to the equivalent of 85 U.S. cents—below its 2001 lows—said ING's Mark Cliffe , global head of financial markets research.
Banks Ponder Scenarios if Countries Drop Euro Neil Shah 2011
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An attempt to build one at Foulness in Essex was scuppered by the 1973 oil crisis, and more recently Cliffe, near the Isle of Grain, has been mooted, but the Foster plan is the most ambitious.
London's new airport: should Beijing be a blueprint for the Isle of Grain? 2011
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Ms. Cliffe said the bank stresses the need for "legitimate" institutions to root out corruption and provide policing so people can to get to schools and workplaces safely, with security "as a service to citizens, not as control of subjects."
World Bank Shifts Focus to Security in Poor Nations Sudeep Reddy 2011
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Did he want to leave Cliffe because the boys had failed him, or because he had failed them?
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Mark Cliffe, chief economist at the Dutch bank ING, said he doubted the eurozone's leaders could implement a grand plan should they manage to agree on a way forward.
Draghi: ECB needs closer fiscal ties in eurozone to use full financial powers 2011
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"Conflict and violence have a major impact on economic and social development," said Sarah Cliffe , co-director of the bank's World Development Report.
World Bank Shifts Focus to Security in Poor Nations Sudeep Reddy 2011
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"While the US would be less adversely affected, the combination of lower global growth and a strongly appreciating US dollar would see it flirting with outright recession in 2011," Cliffe added.
Breakup of single currency would blight Europe, says Dutch bank Ing 2010
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Cliffe said that package "was a smart move, the first time they've got ahead of the curve."
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Cliffe said he saw some hope in the EU's efforts to "get everyone on the same track," especially the agreement on a euro750 billion ($937 billion) package of cash and state loan guarantees to protect eurozone countries with troubled finances from bankruptcy.
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"This is perhaps something that policymakers may care to reflect upon when the blithely talk of exit from EMU as being a policy option," Cliffe concludes.
Breakup of single currency would blight Europe, says Dutch bank Ing 2010
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