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ARTICLE · 17 AUGUST 2012

The Eurozone - Scenario risks & their economic implications

Norton Rose Fulbright Australia
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This article covers a range of scenarios about the future of the Eurozone.

AustraliaGovernment, Public Sector
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1. What are the possible risk scenarios?

At the current time there are a number of possible scenarios that commentators are talking about. These are largely political rather than legal questions and we express no views on the likelihood of any of these events. The scenarios envisaged include:

  • an exit by member state with a weak economy from the Eurozone
  • an exit by a member state with a strong economy from the Eurozone
  • a default by a member state with a weak economy (without exiting the Eurozone)
  • a North-South break-up of member states in the Eurozone
  • a complete disintegration of the euro
  • the ECB stepping in to support the euro

2. What might happen if there is an exit from the Eurozone by a member state with a weak economy?

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