Skip to main content

Would a country exiting the euro also have to leave the EU?

Despite much confusion on this point, there does not appear to be any insurmountable legal barrier to a country leaving the euro and remaining within the European Union (EU), even without the prior agreement of other member states. Nor is it absolutely necessary to be a member of the EU to benefit from free trade within Europe or many of the non-economic benefits of closer European integration. But whatever the legal technicalities, we would expect a country like Greece to seek to remain within the EU even after exiting the euro, and believe that this position would be endorsed by other members.

Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.

By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.