City backs Eurozone break up and voices disapproval of leaders

EU leaders trying to dig Europe out of its debt crisis should be planning an orderly break up of the single currency, according to almost two-thirds (62 per cent) of City A.M’s Voice of the City panel, run in association with PoliticsHome.com.

Thirty-eight per cent said they “strongly approve” of a Eurozone break-up, with a further 24 per cent saying they “somewhat approve”.

Our panel – drawn from business and finance professional across the City – also threw its weight behind calls for indebted Eurozone countries such as Greece to be left to default on their debt.

Sixty-three per cent of those surveyed would approve of allowing a Greek default, compared to just 32 per cent that who would oppose a lack of intervention.

Our panel was also asked to pass judgement on some of the EU’s most powerful leaders, by rating their recent performance on a scale of one to 10.

UK Prime Minister David Cameron came out on top, with an average score of 5.9, followed by German chancellor Angela Merkel whose average was 5.1.

French president Nicolas Sarkozy was ranked third with a score of just 4.2, while Italian prime minister Silvio Berlusconi brought up the rear with an average rating of 2.4 out of 10.