http://www.dailymail.co.uk/news/article-3151947/This-BEGINNING-Euro-crisis-Willi...

Former foreign secretary William Hague has broken cover to urge Greece to abandon the Euro or be stuck in a 'permanent crisis'.

Mr Hague, who stood down from politics at the election, said Greece had no chance of turning its economy around within the single currency unless Germany agreed to hand over big subsidies 'forever'.

But the former Tory leader went even further, warning that the 'Greek debacle of 2015' will not be the end of the euro crisis 'but its real beginning' – eventually dragging in Italy, Spain, Portugal and other southern European countries. . . .

In May 1998 Mr Hague used a speech to warn that some countries in the Euro would find themselves 'trapped in a burning building with no exits'.

The then Tory leader predicted 'wage cuts, tax hikes, and the creation of vicious unemployment blackspots'.

Speaking today Mr Hague said: 'I hope the Eurozone leaders meeting today will remember that those of us who criticised the euro at its creation were correct in our forecasts.
'Otherwise they risk adding to the monumental errors of judgement, analysis and leadership made by their predecessors in 1998.'

Mr Hague said Germany will have to pay Greece 'big subsidies forever' to keep the currency together.