{'fraction_non_alphanumeric': 0.009852216748768473, 'fraction_numerical': 0.0, 'mean_word_length': 5.112781954887218, 'pattern_counts': {'":': 0, '<': 0, '<?xml version=': 0, '>': 0, 'https://': 0, 'lorem ipsum': 0, 'www.': 0, 'xml': 0}, 'pii_count': 0, 'substrings_counts': 0, 'word_list_counts': {'cursed_substrings.json': 0, 'profanity_word_list.json': 0, 'sexual_word_list.json': 0, 'zh_pornsignals.json': 0}}
Legal Options of a Withdrawal from the Euro and the Reassignment of Monetary Sovereignty

A withdrawal from the eurozone requires thorough planning and preparation. Contrary to the presumption that only the creation of a monetary union would need coordination, a consensual agreement between the Member States is absolutely necessary to prevent problems for the new currency and conflicts with the remaining union. As a result of the premise of irreversibility, according to which a downgrading of euro membership is not possible, the EU Treaty explicitly does not provide for an exit from the eurozone. This article examines the legal options of a withdrawal from the third stage and necessary steps towards an exiting state having its own currency. Closing remarks consider the valid currency in old contracts.