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Treasurers Focus on Euro Concerns

European companies take steps to prepare for a possible euro break-up.

By Rebecca Brace | Updated on October 04, 2012

2012 EuroFinance conference in MonacoThe fate of the euro was uppermost in the minds of delegates at the International Cash and Treasury Management conference held by EuroFinance at the end of September. According to an interactive poll, 57% of the finance executives at the conference say their company is prepared for a country exiting the euro, although only a third believe that there will be fewer countries in the euro by this time next year.

Patricia Greenfield, head of treasury operations at AstraZeneca, said the pharmaceutical company has put in place a eurozone task force and taken measures including setting up contingency bank accounts in legacy currencies in case the need arises.

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