In last week’s article, I had referred to Italy and Greece as the two member countries most likely to withdraw from the single currency because of economic problems. (The other members of the PIIGS Group, which too faced a sovereign debt crisis in 2008, namely Portugal, Ireland and Spain, are doing much better.) Incidentally, the euro has no provision for a member country to withdraw, like Article 50 of the European Union, which provides for a member to negotiate its exit and has been invoked by the UK.
There are other candidates as well, in particular France, which is scheduled
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