ACT Revives Advice to European Firms on Grexit
In response to the continuing absence of a deal between Greece and other European Union members that would ease the terms applying to the country’s bail-out, the UK’s Association of Corporate Treasurers (ACT) has reissued its guidance on contingency planning should the eurozone break up.
The ACT’s briefing, compiled in partnership with Deloitte, poses the question ‘what contingency planning should potentially affected commercial and industrial firms be undertaking?’ should Greece and/or other members pull out of membership of the single European currency.
The briefing serves as a checklist of aspects to review and consider and was originally issued in May 2012, when “the possibility of Euro break-up (was) being discussed openly”. The ACT notes that it has become more relevant again recently.
To access the document, go to http://www.treasurers.org/contingencyplanning/euro