— Jens Nordvig and Nick Firoozy of Nomura Securities in London: If a country quits the euro, British law would not recognize debt contracts in the country's new currency. A new way of handling and dealing in these debt contracts would have to be introduced.
— Neil Record of Record Currency Management: Record contends that if one country leaves the euro, the currency has to be dissolved. He thus argues for maintaining secrecy for as long as possible before announcing a breakup plan, to prevent markets from attacking structural weaknesses in other countries.
— Jonathan Tepper of North Carolina-based Variant Perception: Many currency unions have failed in the past and a euro break-up is not especially challenging. Using past examples as a guide, countries should exit by surprise over a weekend, declare an extra bank holiday or two around the date of the exit and stamp the existing currency until new notes are circulated.
Corder contributed from Amsterdam
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