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Nope; if a country leaves the euro it suddenly matters which banks’s name is on your debt notes.
by garmaine 8y ago
Nope; if a country leaves the euro it suddenly matters which banks’s name is on your debt notes.
- tonyedgecombe 8y agoThat's true although we haven't seen any country leave yet.
- icebraining 8y agoDoes it? Aren't they Euro-denominated anyway?
- garmaine 8y agoNo a Greek-issued euro debt instrument would become a new currency decoupled from the euro with a floating exchange rate if Greece left the euro, for example. That’s what all the hooplah a few years back was about.