Eurozone Risk Management

The Commission has written to financial services businesses in connection with Eurozone risk management.  The Commission has noted that continuing action by governments in the Eurozone might not achieve the desired effect of improving financial stability.   One or more Eurozone members may exit from Euro currency union, and reversion to local currencies is possible.  Accordingly, the Commission has reminded financial services businesses of the need to plan for this possibility and to be able to respond urgently to any redenomination scenario.