Potential Eurozone break-up: some questions and answers

Questions under consideration in this white paper include:

If a Participating Member State (PMS) wanted to leave the euro, what would it need to do?

If a euro-denominated loan or bond is made under English law, does English law decide the currency of account?

How could a creditor force a borrower to repay Euro? Would the English and local courts take the same approach?

If a PMS left the euro, would any EU law still apply to it? Could any court enforce it?

Could the exiting PMS introduce capital controls? A moratorium? Could the EU stop it?

Does the standard LMA documents wording contemplate all these potential outcomes?

Do the standard MTN programmes or euro bond documents contemplate these potential outcomes?