Thursday February 20, 2020

What will happen if the euro breaks up?

Payments due in euro would be significantly affected if Ireland left the monetary union, or if it broke up entirely, writes Donnchadh Woulfe.

26th February, 2012

Until recently, preparing for the end of the euro seemed as pointless as preparing for the end of the world. Despite last week's Greek agreement, the demise of the euro has gone from a remote possibility, forecast by only the most pessimistic of economists and dyed-in-the-wool eurosceptics, to a very real possibility. But what would be the legal effects of such a break-up?

The collapse of the euro currency (or if Ireland left the currency...

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