World scrambles to prepare for collapse of the eur

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popcorn
The Big Kahuna

Posts: 7,635

World scrambles to prepare for collapse of the eur May 28, 2012 9:57:41 GMT -5

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Post by popcorn on May 28, 2012 9:57:41 GMT -5

World scrambles to prepare for collapse of the eurozone

"We must be prepared just in case the currency union collapses, although I don't expect that to happen," said Swiss National Bank boss Thomas Jordan.

www.independent.co.uk/news/world/europe/world-scrambles-to-prepare-for-collapse-of-the-eurozone-7792697.html

popcorn
The Big Kahuna

Posts: 7,635

World scrambles to prepare for collapse of the eur May 28, 2012 10:00:58 GMT -5

Quote

Post by popcorn on May 28, 2012 10:00:58 GMT -5

SNB considers capital controls if euro falls apart

Just in case.

ZURICH, May 27, 2012 (Reuters) — Switzerland is drawing up plans for emergency measures including capital controls in case the euro collapses although it does not expect to need them and will continue to defend a cap on the franc in the meantime, the head of the central bank said.

www.newsdaily.com/stories/bre84q02a-us-snb-jordan/

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