It also gave rise to what is known as 'fear of floating' which means the tendency for their central banks to quickly resort to raising interest rates whenever the exchange rate is in danger of falling.
All the efforts being made at the moment are aimed at updating the relationship with Greece in the light of the new priorities of its government, within a framework which remains that of the euro area and which implies rights as well as the duty to respect the common rules. So we are not putting the question in those terms.