Leaving the euro: An emergency exit for the currency union?

LINK TO THE PUBLICATION IN ENGLISH

The euro does not provide its members with any option to leave. This protects the common currency against speculative attacks on the one hand. The euro crisis demonstrated on the other hand how difficult it is for Eurozone countries to constructively solve economic and fiscal policy conflicts among themselves. Why was the euro designed as a oneway street? What would be the consequences of an exit option? And what alternatives are there to an exit?

In the publication series “Europa briefing”, the Bertelsmann Stiftung and the Jacques Delors Institut – Berlin cover key topics of European politics and present possible scenarios: What is the problem? What might happen next? And what can politics do now? You will find all the publications from the joint project here:

www.strengthentheeuro.eu