A new crisis in Greece would give the Leave campaign its own Project Fear

There are very good reasons to be wary of leaving the EU. But what if we stay and the union breaks up?

They say that it pays to have friends in high places. As they battle to keep Britain in the EU, David Cameron and George Osborne have been spoilt for ammunition over recent days. Dire warnings on the consequences of Brexit came through thick and fast and, naturally, the Remain camp seized on every one.

The Bank of England raised the threat of recession and soaring inflation, the International Monetary Fund warned of tumbling house prices and Gordon Brown formed a rare alliance with Cameron over the prospect of the third world war.

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