How to resign from the club | WHAT REALLY HAPPENED


How to resign from the club

Breaking up the euro area
How to resign from the club
The barriers to leaving are high but could still be crawled over by a country determined to leave

The idea of breaking up the currency zone raises at least three questions. First, why would a country choose to leave? Second, how would a country manage the switch to a new currency? Third—and perhaps most important—would leavers be better off outside the euro than inside it?

The main reason why a country might choose to leave the euro is to regain the monetary independence it sacrificed on joining and to set monetary policy to suit its own economic conditions.

Comments

SHARE THIS ARTICLE WITH YOUR SOCIAL MEDIA