The Cyprus liquidity crisis showed that the euro crisis is not over by any means. Indeed, it will probably get worse, as an excellent article in the Financial Times today by Wolfgang Münchau explained that already 'The euro is not worth the same across the region – Spain and Germany have different currencies.'

Major developments in the eurozone often happen very fast. If you have not done so already, maybe it is time for you to follow BofA Merrill's 'Lifesaving Steps' :

1. hold and maintain a complete list of your euro bank accounts. Rationalise these where possible;
2. know your account balances as well as all payments and receipts due;
3. sweep funds often, and concentrate to your financial centre wherever possible;
4. develop scenarios including business impact and possible mitigations. For example, the redirection of crucial payments through alternative euro accounts;
5. plan for or establish a command centre to enable rapid decision-making as events unfold;
6. ensure your banking providers have current contact details for your organisation, including outside of business hours information.