Sunday 25 February 2018

Euro collapse plan 'explored'

THE Central Bank here has explored contingency plans to prepare for a eurozone break-up -- even though the president of the European Central Bank yesterday said it would be "absolutely imprudent" to consider any such plans.

There were reports yesterday that Ireland was evaluating whether it would need extra printing capacity to revive the punt.

The Irish Independent understands that the Central Bank of Ireland has not asked any private firms about providing additional capacity to allow punts to be printed, but that normal contingency plans to deal with a eurozone break-up are being looked at.

The Central Bank of Ireland declined to comment on the reports, beyond stressing that it was only printing the euro.

Irish Independent

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