The euro and currency unions - .PDF file.
This paper reviews the role of the euro in the context of the formation and break-up of currency unions.
Allen & Overy considers the impact not just in relation to sovereign states but also corporations and banks.
The paper deals with various questions raised by market participants about what would happen if the euro broke up and how this would work. It does not express a view as to whether the talk predicting a break-up of the euro is the profound foresight of great thinkers or just vapid gossip…
Click on the link below to read the rest of the Allen & Overy briefing.