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The single image that explains what happens if we leave the euro

This image from Boston Consulting Group provides a handy guide to the practical impact of leaving the common currency.

THERE SEEMS TO be no end in sight to the debt crisis in Europe – which, despite frantic political deals and constant intervention by the European Central Bank, seems to be as pressing as ever.

With continued fears over the long-term stability of the euro – and with the constant questions about the prospect of having to leave it – this graphic from the Boston Consulting Group could be worth taking a look at.

It explains how leaving the euro would impact on both the exiting country and the rest of the eurozone, with regard to economic indicators like exports, employment, savings, asset returns and inflation.

The graphic is part of a full report called ‘What Next? Where Next?’ which can be read for free on registration at BCG’s website.

Click the image – or here, if you’re a mobile user – to load the full high-resolution version.

Referendum will effectively decide whether Ireland wants to keep the euro – Noonan

Explainer: Why would Ireland stick with the euro?

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72 Comments
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    Mute eoin carroll
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    Oct 6th 2020, 9:06 PM

    If nobody gets tested I think the numbers will go way down

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    Mute Claude Saulnier
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    Oct 6th 2020, 9:26 PM

    @eoin carroll: you mean like in Jan-Feb?

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    Mute Barry
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    Oct 6th 2020, 9:04 PM

    The people that share this nonsense stuff on social media are the same people that used to forward chain emails

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    Mute John Egan
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    Oct 6th 2020, 10:36 PM

    Did ye’s not just prove it correct? 15-20% positivity rate between March to June despite 3 times less tests. If we had tested what we’re testing now (approx 80,000) with that positivity rate, we would have had between 12,000-17,000 cases. And only 60 of today’s cases were community transmitted, can ye’s do some proper fact check-in and find out how many of our deaths was from nursing homes?

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    Mute Lorraine Mac Rory
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    Oct 6th 2020, 10:52 PM

    @John Egan: that’s the point…. the more u test the lower the positivity rate (hopefully). our positivity rate going up at the moment even while testing is increasing is a worry.

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    Mute Karl Mc Cauley
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    Oct 7th 2020, 12:04 AM

    @Lorraine Mac Rory: positively rate in north is 14.6%.

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    Mute Macca Attack
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    Oct 7th 2020, 6:28 AM

    @Karl Mc Cauley: it’s not. It’s less than 4%

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    Mute Claude Saulnier
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    Oct 6th 2020, 9:25 PM

    It’s an article I have to admit I find as clear as mud. Can someone please rewrite it with figures and give us a clear answer?

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    Mute Domhnall O'Sullivan
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    Oct 6th 2020, 10:16 PM

    if that’s meant to be done kind of debunk it’s left me even more dubious of their approach to testing… and worse still how they interpret those test results.. strange stuff..

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    Mute AMC2K
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    Oct 6th 2020, 9:36 PM

    I stopped reading after the headline.

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    Mute ed o brien
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    Oct 6th 2020, 9:46 PM

    So numbers have surged in the past few weeks. Same across Europe.

    Wonder what changed at the start if September??

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    Mute Franny Ando
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    Oct 6th 2020, 10:46 PM

    @ed o brien: schools.

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    Mute Billy Big Baws
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    Oct 6th 2020, 9:05 PM

    A Noble Spirit Embiggens The Smallest Man.

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    Mute JusticeForJoe
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    Oct 6th 2020, 11:08 PM

    @Billy Big Baws: Embiggens. Hmm. I never heard that word until I moved to Springfield

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    Mute Damo
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    Oct 7th 2020, 7:23 AM

    Fact check? They are comparing 2 periods were the amount of testing was vastly different, the criteria for getting a test was vastly different and the capability for track and trace was vastly different. Add the amazing assertion that if you think more tests means more positive you think like Donald Trump.
    Terrible article, poorly written, impossible to come to any conclusions based on the information given.

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    Mute Kieran Hayes
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    Oct 7th 2020, 1:00 PM

    No mention of false positive rate, good luck and thanks

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