The euro: the ultimate crib

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This paper is a summary checklist of the state of the art about contingency planning for a euro break-up. It is intended for all businesses and others — banks, corporates, regulators and governments. Many businesses have already largely completed this planning: for them, this paper is a checklist.

The Intelligence Unit does not make forecasts of the likelihood or otherwise of a euro break-up. Allen & Overy thinks that the break-up of the euro or any withdrawals from the euro would be unwise. Two of the ideologies of the Intelligence Unit are: (1) the one planet principle, which does not endorse tribalism: and (2) the rule of law. As a result, the firm does not think that 17 currencies are better than one, nor does it support the idea that another 17 sovereigns should have the ability to manipulate money…

 Click on the link below to read the rest of the Allen & Overy briefing.