Eurozone crisis

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Details

Service: Advisory, Transactions & Restructuring
Type: Business and industry issue
Date: 15/06/2012

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Eurozone crisis

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Eurozone crisis – Not another Y2K

A few years ago a Eurozone breakup seemed inconceivable but ‘no bail-out, no default, no exit’ no longer applies.

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Eurozone crisis - Not another Y2K (PDF 420 KB)

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Since our previous paper in December KPMG have surveyed a large number of coporates and found that 48% of those we spoke to have done nothing to plan for a breakup of the Eurozone. In light of this, KPMG’s view is that all corporates with material exposure to the Eurozone can and should be planning for a Eurozone break up.

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KPMG International Cooperative ("KPMG International") is a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.

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Eurozone crisis – Not another Y2K

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