Saturday, May 19, 2012

As European banks prepare for the collapse of the euro


As European banks prepare for the collapse of the euro

  
European central banks have begun to develop an action plan - in case of failure of one or more countries of the euro.This writes The Wall Street Journal - citing sources in the financial environment.
The first question that bankers are trying to solve - how to return the payments of which will come from the eurozone, for the national currencies. After all, this money was not published since 2002. Of financial regulators keep a secret, because when the news of plans in case of failure of the euro - could undermine the credibility of the single European currency. However, the central banks of countries that have not passed it, and develop methods to prevent the weakening of his own money in the case of the collapse of the euro.
Paul Rogers, an analyst: "In Switzerland, are already considering the possibility of using another country's currency at the same time and the gradual transition to the Franks. This idea is supported by financial regulators of the Balkan states. In the UK, which has not introduced the euro, have also expressed concern about a possible devaluation of his."


European leaders try to save at all costs from the collapse of the euro area. They gathered at the next summit and promised that the meeting will be fateful for the EU.
However, experts suggest that the summit will be fruitless, as the previous two.Hence the stock markets players lurk. And foreign investors have stopped the flow of cash infusions, while the final plan of salvation of the European continent from the debt crisis - not officially make public.

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