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This might be a bit too current for post-1900, but I'm sticking it in here for now. At the height of the eurozone crisis, there were suggestions that it could split in to two currency unions, with Germany and a handful of other Northern European economies keeping the current 'hard' Euro, and the countries in the south leaving, either to form their own currency with a lower exchange rate, or to go back to their own currencies, with some alignment with the remaining Euro. This article probably sums up the argument better than I can:

https://www.telegraph.co.uk/finance...ad-the-northern-core-and-France-the-rest.html

So let's say the Eurozone crisis is a lot worse, it spreads to more countries, and there isn't enough money for bailouts to stem the tide. What would happen if this option was adopted instead? Would it do anything to solve the debt crisis, and would their be a possibility of either or both sides of the split coming out of this reasonably okay?
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