A Survivor's guide to a Eurozone breakup : implications and action

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<subfield code="a">The Eurozone is undergoing a period of instability, and it is far from clear how, or when, or if, it will end. Many economists are doubtful that current political efforts to create a fiscal union with stronger controls on public debt will address underlying imbalances that are the root cause of instability. They could reference Ireland and Spain, Eurozone members that had among the strongest records for meeting public sector debt commitments under the existing EU stability and growth pact, yet are now among the peripheral states of greatest concern. Even if the Eurozone survives this period intact, further turbulence is quite possible. Insurers and other financial institutions would be well served to develop both near- and long-term contingency plans to address the risk of a Eurozone breakup
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