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2015-11-26 — wsj.com
"If the spirit of Schengen leaves us...we'll lose more than the Schengen agreement. A single currency doesn't make sense if Schengen fails," he said. "You must know that Schengen is not a neutral concept. It's not banal. It's one of the main pillars of the construction of Europe."
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In theory, the reintroduction of border controls wouldn't directly threaten the single currency zone. While it could slow trade across the bloc, the euro's vital underpinnings--free capital flows, freedom of labor movement and the bloc's single market of goods and services--would remain intact.
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