Published by Mark AckroydForex dealers may be impacted by the ongoing uncertainty in the euro, which is leading some people to consider the consequences of the currency failing.New Italian prime minister Mario Monti has suggested that the country is aware that if it fails to handle its debt effectively then the multi-nation currency may collapse.The leader met with German chancellor Angela Merkel and French president Nicolas Sarkozy last week and noted they "said they were aware that a collapse of Italy would inevitably be the end of the euro".According to the Daily Telegraph, the Treasury has considered such an occurrence and is taking steps to prepare for the aftermath.A senior minister is quoted by the newspaper as saying: "It's in our interests that they keep playing for time because that gives us more time to prepare."It suggested that in order to avoid a default on its debts Italy will need to sell €30 billion of new bonds by the end of January, something that cannot be guaranteed. European banks may not be able to cope if countries fail to meet their repayments.Italy is also having to contend with increasing interest rates of 7.8 per cent on two-year loans and 6.5 per cent on new six-month loans.Such is the level of concern that the Foreign and Commonwealth Office has told consulates and embassies to put plans in place for potential social disorder, including rioting.It is thought that widespread unrest - similar to that seen in Greece as its struggles to manage its finances - is a possibility across the eurozone if the 17-nation currency fails.This follows recent comments from the former deputy prime minister Lord Heseltine, who told BBC TV's Politics Show that the euro is likely to survive its ongoing problems, but that the UK may need to join it in the near future.For more information on foreign exchange treasury services and risk management, visit our Corporate FX site