The current crisis in the European Union is one of the most interesting economic and politic phenomenon in recent history. The plain fact is that the Union is still vulnerable to a complete break up of the common currency.
History does, however, repeat itself continually. There are lessons to be learned from past currency break ups. That is the subject of a newsletter from Standard Charted plc (LON:STAN). The article covers the breakup of currencies in the Soviet Union, Czechoslovakia, and Argentina.
For Context, here's a chart, from the report, on the probability a country will leave the Euro before the end of next year:
Setup a free account to get access to this article (no credit card required).Login required to continue reading.
