Abstract

The article examines possible legal consequences that could follow a hypothetical exit from the Euro by a Member state. Given the absence of specific rules on such a procedure, the article in its first part examines the issue of the legal basis on which an exit could take place. In the second and third part it considers the hypothetical measures of monetary policy and of private law that would be necessary in order to ensure an ordered process of withdrawal from the euro and subsequent adoption of a national currency.