And even in a scenario where all people who are parties to a contract denominated in euro are allowed to pay back in new liras, can you imagine how costly that would be for the borrower to discharge his or her debt in a new currency which in the meantime has probably devalued dramatically vis-à-vis the euro?
Instead, we need trust and stability, in Europe. And, besides, monetary solutions are never the real solutions. You should trust the lessons of history”. 4  BIS central bankers’ speeches