Falling Consumption and slowing economy may be the price to pay for the rescue of the euro

According to the survey of the Centre for Economics and Business Research; In the debted countries of the euro area, an up to 15 percent drop in consumption may be the cost of maintaining the common currency.

According to the research institute; Greece, Spain, Portugal, Ireland and Italy would be forced to decrease consumption by 15 percent in order to make the staste debts sustainable, if these countries would stay in the euro block. State spendings should be cut back by an average of ten percent – reports – tozsdeforum.hu.