Wishart, Ian, Rojanasakul, Mira, Fraher, John, (2017), “How the Euro Could Break Up—or Be Saved”, Bloomberg Politics, 7 March
Talk about the breakup of the euro is fashionable again. With populists such as Marine Le Pen trying to storm the establishment and the popularity of the single currency in decline, executives and investors, including JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon, say nothing can be ruled out. At the same time, the euro has already survived a number of scares since its inception in 1999, with the political and economic elites proving willing to do whatever it takes to support the currency.
We took a look at three scenarios that could lead to the euro splintering—and three that could see the currency coming through the populist wave in even stronger shape. And we poll expert opinion on the chances they could happen.
Relevant Posts
- Pisani-Ferry, Jean, (2016), “Preventing the Next Eurozone Crisis Starts Now”, Project Syndicate, 1 December
- Van Hulten, Michiel, (2015), “Why debt relief could save Greece but would destroy the Eurozone”, LSE blog, 6 July