and a possibly leak would be devastating for the moral in
EU.
Euro-money is 92% electronic money. Coins and notes are not any
big problem in a break up. More interesting that ICAP PLC, which
operates the biggest system for enabling trades between banks,
yesterday said that it is preparing electronic-trading systems for
a possible exit by Greece, introducing the New Drachma. Good to do
some practice before a major break up...
Not probable - too many indviduals involved in such an operation
WAKE UP Germany printing Deutsche Marks
Posted by lebow on 28th of Nov 2011 at 01:01 pm
and a possibly leak would be devastating for the moral in EU.
Euro-money is 92% electronic money. Coins and notes are not any big problem in a break up. More interesting that ICAP PLC, which operates the biggest system for enabling trades between banks, yesterday said that it is preparing electronic-trading systems for a possible exit by Greece, introducing the New Drachma. Good to do some practice before a major break up...
Leading FT columnist gives EU a 10 day make or break window...
Posted by lessarda on 28th of Nov 2011 at 01:24 pm
may be hyperbole, maybe not. I continue to think the banking crisis could accelerate quickly there. Keeping things light and quick.