Why the eurozone has more than 12 months left

STAYING ALIVE?

Muzinich's Tatjana Greil Castro assesses the impact of a country leaving the eurozone.

Will the eurozone break-up in the next 12 months? I think the answer is most likely no. The process for that happening is so unknown and unplanned; how would it happen? Would it revert to 17 different currencies and different currency blocs, for instance? And the practicalities of breaking up the eurozone should not be underestimated. You would need to print new currencies, change all sorts of system, restock cash machines and re-price everything. There would no longer be a European bond market and there would be huge fluctuations in currency exchange rates in the first few years whil...