Dutch admit prepping for eurozone breakup in 2012

AP News
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Posted: Nov 18, 2014 11:53 AM

AMSTERDAM (AP) — Dutch Finance Minister Jeroen Dijsselbloem has acknowledged that the Dutch government drew up plans for what to do if the single European currency had collapsed during the summer of 2012.

In an interview with RTL television on Tuesday, Dijsselbloem said there was a plan to return to the Dutch guilder in a worst case scenario.

He said: "There were preparations, there was discussion, with the Dutch Central Bank as well, about what it would require."

Dijsselbloem, who was not then in office, said politicians of the time were right not to discuss the plan because acknowledging it might have worsened panic on financial markets and made the euro's collapse more likely.