A hard Frexit needn’t be a disaster for France
With European solidarity impaled on the coronavirus epidemic, talk of Frexit is surfacing again. But how could Frexit be organised? Like Britain, France would activate Article 50 of the Lisbon Treaty to begin the process of leaving the European Union. But how does one leave the single currency? Brussels, which existentially regulates for everything, does not say and the 3000 page Lisbon Treaty is silent on the subject. So how could France move to ‘eurexit’ and what would be the financial consequences? A starting point could involve reverse engineering the Lisbon Treaty’s monetary articles to begin negotiations with Brussels on exiting the euro.