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Your surprising lifeline for euro-denominated trade contracts

If the Eurozone crisis has taught us anything, it is that politics and economics make for an unhappy couple. The arguments, broken promises and failed summit meetings seem more often to resemble a failed marriage than genuine efforts to save the global economy. The inability of European leaders to meet market demands has created a vacuum of uncertainty in which the crisis is deteriorating further.

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  1. This is the first article I found on that thrilling legal question. Brilliant! The additional question is what would happen to EUR denominated contracts if there is no EUR anymore all together. I guess that policy makers would have to provide ruling for such event. Anyway going back to local currencies would be a nightmare for business in Europe.
    Flextronics Europe's Gravatar

    Flextronics Europe 2012-01-12 14:40:24