A widespread default of several countries in EMU would lead to serious disruptions of trade within the EU and to new problems in the banking system, which would have to write down their holdings of government bonds.
Une succession de banqueroutes de plusieurs pays de l’UEM provoquerait de sérieuses perturbations du commerce communautaire et de nouvelles difficultés du système bancaire, qui serait obligé de déprécier leurs titres en obligations d’État.