European Economic News

Finland Readying Plan To Face Possible Eurozone Breakup: Report

Finland is preparing measures to face any kind of eventuality in the face of a breakup of the euro currency-bloc, the country's Foreign Minister Erkki Tuomioja told the British newspaper The Daily Telegraph.

"We have to face openly the possibility of a euro-break up," Tuomioja was quoted as saying on Thursday.

"Our officials, like everybody else and like every general staff, have some sort of operational plan for any eventuality," he told the daily.

There is a consensus that a Eurozone break-up would cost more in the short-run or medium-run than managing the crisis, Tuomioja said.

But the break-up of the euro does not mean the end of the European Union. "It could make the EU function better," he added.

by RTTNews Staff Writer

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