In pondering economic growth dynamics future Nobel laureate Prof.

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Prof Yanis Varoufakis, head of the Department of Economic Policy at the University of Athens, says that Turkey's experience of 15 years ago provides a stark lesson of what might happen if the country were to leave the euro.

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Prof Peter Bofinger of Wurzburg University is a member of the Council of Economic Experts, independent advisers to the government.

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However, Prof Zhu predicts that China will not let Mr Choe leave empty-handed and is likely to provide economic aid.

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This was not just through economic means, "but there was an element of it being linked to respectability and societal values", Prof Toye says.

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