More and more central banks prepare for Euro collapsing

[Skybird]

Two weeks ago I read that the British have started to study emergency plans how to aid British citizens in foreign countries in case the Euro currency collapses. - Sounded reasonable.

Last week I heared Switzerland is checking to focus its finanmcial policy on alternatives to the Euro. - Hm. Might be the clever thing to do. Readiness is all, isn't it.

Today I read tat the Irish are preparing as well, and several other European Central Banks as well...!? - Wake up call.

http://online.wsj.com/article/SB10001424052970203413304577084483874422516.html?m od=WSJEurope_hpp_LEFTTopStories (http://online.wsj.com/article/SB10001424052970203413304577084483874422516.html?m od=WSJEurope_hpp_LEFTTopStories)

Stanley Morgan gives a risk of 20% for a collapse, other bankers say it is all just a preparation for the unlikely case.

That might be.

But just this year's autumn, the chance for a collapse was claimed to be "unimaginable" and "impossible".

[Jimbuna]

These are just contingency plans for such a possibility. If the banks weren't prepared one can only imagine the catastrophic consequences.

Personally, I hope it doesn't happen but readily admit the odds are getting greater of it happening.

I'll await the outcome of this evenings meeting between the German and French heads of state.

[yubba]

Well they couldn't have timed it any better right in the middle of winter, no heat and no food you figure it out.

[Dread Knot]

The British contingency planning is that collapse is just a matter of time. They're preparing for riots and social breakdown, and what do with Brit citizens inside the EUzone unable to access cash or the bank accounts....

http://www.telegraph.co.uk/news/politics/8917077/Prepare-for-riots-in-euro-collapse-Foreign-Office-warns.html

And also note the final "worst case" part about a 50% drop in GDP for euro member states. Economic output drops in half. That is collapse territory, not mere depression.

And if(when) that happens, that will sweep over here to the US and consume our own idiot banks like wildfire.

[Jimbuna]

Sooooo....looking forward to a happy new year then? :DL

[Skybird]

Sooooo....looking forward to a happy new year then? :DL

No. What they try to lay down now is nothing else than a new Vienna congress which now is called Euzropean economy government, said a German commentator today, and he is right. Once again the European peope get betrayed, sold and their demand for freedom and self-determinatioin getting ruled out behind closed doors.

And they have not learned much at all, too: the result of an examination run by the OECD into the functionality of Greek administration and ministries and government structure came to absolutely devastating conclousions that topped any most pessimistic assessement they had before, saying the Greek apparatus is impossible to reform or being influenced by government's decision, and the Greek adminsitration even being impossible to oversee its own blown up proportions, not to mention to have the hundredfs of single entities interacting. The government is described to be totally out of control, and completely powerless.

And while the union threatens to break apart - they accept Croatia, said to be extremely plagued by corruption, to sign an accession treaty to become the 28th member of the union during this summit.

Some Europhiles braindead zombies still have not understood what the writing on the wall is telling.

I hope they blow it up this weekend, and blow it up completely. Better an end with terror, than this creeping terror without end. In the end, it will become costly (for the people, not for the elites) - but not as costly as if the union is kept in place, I think. And I think I am chanceless if I would demand to put up some hundred heads on long speers over the roofs of Brussels, or not?

It'S all broken beyond repair, imo.

[Jimbuna]

You may well be right but I'm thinking this is the last chance saloon for them now.