This WSJ article indicates some EU countries (inside and outside the Euro zone) are making preliminary studies of what they'd need to do to revert to previous currencies if the euro collapses.
There's nothing definitive here, just the kind of worst-case contingency planning that countries often do--and need to deny doing.
From the article:
There's nothing definitive here, just the kind of worst-case contingency planning that countries often do--and need to deny doing.
From the article:
Some central banks in Europe have started weighing contingency plans to prepare for the possibility that countries leave the euro zone or the currency union breaks apart entirely, according to people familiar with the matter.
The first signs are surfacing that central banks are thinking about how to resuscitate currencies based on bank notes that haven't been printed since the first euros went into circulation in January 2002.
. . . .
J.P. Morgan Chase & Co. put out a report Wednesday that advised investors and companies to hedge against a collapse of the euro zone—though the bank said the likelihood of that happening was just 20%. It said many corporate clients were buying currency derivatives to place bets against the euro.