Legal Possibilities for Withdrawal from the Euro and the Reintroduction of Currency Sovereignty

Dirk Meyer ()
Additional contact information
Dirk Meyer: Helmut-Schmidt-Universität

Chapter Chapter 9 in European Union and Monetary Union in Permanent Crisis II, 2022, pp 185-208 from Springer

Abstract: Abstract The possibility of a withdrawal of individual countries or even a collapse of the eurozone cannot be ruled out in the context of a sovereign debt crisis of various euro members. The history of currency unions provides numerous examples for this. However, a withdrawal requires thorough planning and preparation. Contrary to the assumption that only the creation of a currency union requires coordination, a consensus between the member states is absolutely necessary in order to avoid problems for the new currency and conflicts with the rest of the Union. It would be advantageous to have provisions in the EU treaties by means of institutional regulations which provide for a withdrawal of a member or even the complete dissolution of the currency union in a procedural and legally secure manner.

Date: 2022
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-658-38646-7_9

Ordering information: This item can be ordered from
http://www.springer.com/9783658386467

DOI: 10.1007/978-3-658-38646-7_9

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().