Sir, How long would you give the kroon, lats and litas as independent currencies of Estonia, Latvia and Lithuania before becoming roubles if the euro were to fail?

Escape from the euro may be possible, as Peter Jay so eloquently explains (Letters, February 3) but as he, a former ambassador to the US, well knows, it is politics, not the economy, that is overriding. Indeed the point could not have been made clearer than it was in your excellent two-page spread in the same edition, “ The battle for the Ukraine”.

Christopher Penn

Worplesdon, Surrey, UK

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