What a Spanish exit from the euro would look like

Leaving the currency would give the struggling Spanish economy a chance to return to the strong growth it so desperately needs, but its debt burden would need to be slashed first.

I have been thinking about what would happen if Spain were to leave the euro. I confess I know very little about the legal and political implications about a euro exit, and although I have heard often enough that it is impossible to leave the euro, I don’t think anything such thing can be true about a sovereign nation. It may be difficult, it may be messy, and it certainly will be unpleasant, but it can happen.

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