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Most Euro debt is under national law, except for bailout money which I think is either under London or Luxembourg law.

However, both leaving the Euro and introducing different legal tender from the Euro would break a number of EU laws.

If you are not convinced, try it on someone who has not been entirely debauched by economics. — Piero Sraffa

by Migeru (migeru at eurotrib dot com) on Fri Jul 20th, 2012 at 04:12:34 PM EST
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