Tech firms prepare euro break-up contingencies

Break-up blues

Bill Meenaghan

Two years ago, the break-up of the eurozone was unthinkable – admittedly, Greece had just revealed a budget deficit of 12.7% and there was some talk of contagion, but it was not seen as a threat to the eurozone as a whole. Twelve months ago, the contagion talk had a sharper edge – both Greece and Ireland had been bailed out, and there was a widespread expectation Portugal would follow suit – but the eurozone was still widely expected to muddle through.

Today, following a year of political

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