After Eurogeddon?
Frequently asked questions about the break-up of the euro zone

FREQUENTLY ASKED QUESTIONS

1. Can a country leave the euro?

2. What would be the likely trigger for acountry leaving the euro?

3. Could a country default and stay withinthe euro?

4. Would an exit by one country (such as Greece) causeothers to leave the euro?

5. Which countries would be most likely tostay in the euro, and which would be most likely to leave?

6. What would be the immediate economic andfinancial consequences for countries leaving the euro?

7. And for the countries that stayed?

8. What would be the impact on globalfinancial markets?

9. What would be the impact on the euro inrelation to global currencies?

10. Would a global recession be inevitableif the euro collapsed?

11. What would happen to banks in countriesthat left the euro?

12. Could private debt in euros beenforced?

13. What would happen to sovereign debt?

14. Could EU internal market rules bemaintained?

15. Would countries that exited the euroremain in the EU?

16. What levels of social and politicalupheaval would be expected?

17. What should businesses do now?