SUBSIM Radio Room Forums - View Single Post - More and more central banks prepare for Euro collapsing

Skybird · 12-08-11, 07:45 AM

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

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".

12-08-11, 07:45 AM	#1
Skybird Soaring Join Date: Sep 2001 Location: the mental asylum named Germany Posts: 42,614 Downloads: 10 Uploads: 0	More and more central banks prepare for Euro collapsing 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 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". __________________ If you feel nuts, consult an expert.