If Greece was to default it would effectively spell the end of the Euro as a currency, according to Royal Bank of Scotland's (RBS) strategist and chief European economist Jacques Cailloux.

Greece's euro membership is dangling by a thread. According to finance ministers in the rest of Europe, the Greek government has just a few days left to preserve its place in the currency union.

The euro is the most tangible element of European integration. Launched in 1999 as an account currency, the euro started circulating as banknotes and coins on 1 January 2002. Today, it is the official ...