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Dublin: 7 °C Sunday 8 December, 2019

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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About the author:

Gavan Reilly

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