Blog: What would a euro break-up look like?

Regardless of what the Deutsche Bundesbank says, the world is already taking steps to make sure it can cope in the event of a single currency breakup. Anecdotal evidence suggests employment agencies in Europe are writing clauses into contracts so that the equivalent wage in another currency will be paid to employees if the euro dissolves. Meanwhile, companies across the globe are trying to limit the amount of cash they hold in some European states, only selecting banks which operate in ‘core' nations, and using derivatives to limit exposure to counterparty risk. The truth of the ma...