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Can the Euro Survive until March?
- Thread starter Illum
- Start date
The Euro will not crash, but it will pull all currencies/markets within a breath of total collapse..... the solution will be global, and everyone will gladly accept it, as the though of the inevitable will be too horrific to imagine.... get ready everyone , the Fed ordered stress test of our banks are about to expose our vulnerability to the Euro Contagion.
And the global solution will be?
Quote from sheda:
And the global solution will be?
UK is making preparations.
Eurozone crisis: Foreign Office plans evacuation of expatriates
Britons living in Spain and Portugal could get government help to leave the countries if the crisis in the eurozone sends their banks into meltdown.
Eurozone crisis: Foreign Office plans evacuation of expatriates
Police in Barcelona tackle protesters demonstrating against austerity measures brought in as a bid to deal with the European debt crisis Photo: AP
Donna Bowater
By Donna Bowater
10:59AM GMT 18 Dec 2011
Comments85 Comments
The Foreign and Commonwealth Office and the Treasury is putting measures in place to help evacuate thousands of expatriates living in Spain and Portugal in case they are stranded no access to their savings.
The two countries, which both have sizeable British populations, were among those made vulnerable by the "sustained deterioration" in funding.
Spain was warned by credit rating agency Fitch that it was facing a debt downgrade along with Italy, while Ireland, Belgium, Slovenia and Cyprus were also given the warning.
Meanwhile, around one million Britons live in Spain with around 50,000 in Portugal.
The Foreign Office said it was concerned they could be cut off from their accounts if the countries' banks called in loans.
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A source told the Sunday Times (£) the Government was considering chartering planes, ships and coaches to bring expats back to the UK.
âThe nuclear scenario would be having thousands of Brits stranded at the airports in Spain and Portugal with no way to get money from the cash dispenser and no way to get home. Who would be blamed for this? The Foreign Office," an official said.
âWe are looking at how we can help evacuate them if the banks in Spain and Portugal collapse, getting people cash, things like that, sending planes. We did similar things in Lebanon in 2006. We are coordinating with the Treasury.â
Financial aid could also be sent to expats, many of whom are retired and living on small incomes.
A Treasury spokesman said: "Of course we plan for a range of contingencies. We are not going into the specifics of what we are planning for."
Last month, it was reported that the Foreign Office had asked embassies and consulates for contingency plans for rioting and social unrest in countries most affected by the eurozone crisis.
Diplomats were told to prepare for an evacuation of tens for/of thousands of British citizens as a banking collapse could mean they would be unable to withdraw cash.
An FCO spokesperson said: "Officials continue to contingency plan for a range of possible scenarios"
Quote from zdreg:
UK is making preparations.
Eurozone crisis: Foreign Office plans evacuation of expatriates
Britons living in Spain and Portugal could get government help to leave the countries if the crisis in the eurozone sends their banks into meltdown.
Eurozone crisis: Foreign Office plans evacuation of expatriates
Police in Barcelona tackle protesters demonstrating against austerity measures brought in as a bid to deal with the European debt crisis Photo: AP
Donna Bowater
By Donna Bowater
10:59AM GMT 18 Dec 2011
Comments85 Comments
The Foreign and Commonwealth Office and the Treasury is putting measures in place to help evacuate thousands of expatriates living in Spain and Portugal in case they are stranded no access to their savings.
The two countries, which both have sizeable British populations, were among those made vulnerable by the "sustained deterioration" in funding.
Spain was warned by credit rating agency Fitch that it was facing a debt downgrade along with Italy, while Ireland, Belgium, Slovenia and Cyprus were also given the warning.
Meanwhile, around one million Britons live in Spain with around 50,000 in Portugal.
The Foreign Office said it was concerned they could be cut off from their accounts if the countries' banks called in loans.
Related Articles
Prepare for riots in euro collapse, Foreign Office warns
25 Nov 2011
Divisions in eurozone over ECB bond-buying
17 Dec 2011
David Cameron's treaty veto delivers poll bounce
17 Dec 2011
EU hands out free holidays
18 Dec 2011
A source told the Sunday Times (£) the Government was considering chartering planes, ships and coaches to bring expats back to the UK.
âThe nuclear scenario would be having thousands of Brits stranded at the airports in Spain and Portugal with no way to get money from the cash dispenser and no way to get home. Who would be blamed for this? The Foreign Office," an official said.
âWe are looking at how we can help evacuate them if the banks in Spain and Portugal collapse, getting people cash, things like that, sending planes. We did similar things in Lebanon in 2006. We are coordinating with the Treasury.â
Financial aid could also be sent to expats, many of whom are retired and living on small incomes.
A Treasury spokesman said: "Of course we plan for a range of contingencies. We are not going into the specifics of what we are planning for."
Last month, it was reported that the Foreign Office had asked embassies and consulates for contingency plans for rioting and social unrest in countries most affected by the eurozone crisis.
Diplomats were told to prepare for an evacuation of tens for/of thousands of British citizens as a banking collapse could mean they would be unable to withdraw cash.
An FCO spokesperson said: "Officials continue to contingency plan for a range of possible scenarios"
Yup, it's that serious. Let's see when we here in the states put that together. We are usually the last to know anything, and when we do know, well, send the military.