4 ms·
Why should they? UK's case is totally different case. I don't think that exiting the currency means exiting the union.
by atmosx 8y ago
Why should they? UK's case is totally different case.
I don't think that exiting the currency means exiting the union.
- pgeorgi 8y agohttps://en.wikipedia.org/wiki/Withdrawal_from_the_Eurozone https://en.wikipedia.org/wiki/Withdrawal_from_the_Eurozone "Other analysts[10] have submitted that there are basically three ways of exiting the Eurozone: by leaving and subsequently rejoining the EU, whereby a renewed membership in the European Union would be possible only when economic convergence had been achieved; through a Treaty amendment; or through a European Council decision. The amendment would involve an extension of Article 50[11] of the European Treaty that would set out the process for exiting the euro." 1. "Leaving the EU" is what the UK is doing right now (and Italy would want to wait to see how messy that will be) 2. "A Treaty amendment" requires consent by other treaty members, so not going to happen 3. "European Council decision" also requires consent by a significant portion of European countries, so also not going to happen.