Tuesday, December 27, 2011

World banks brace for euro collapse

The Rumor Mill News Reading Room 

World banks brace for euro collapse
Posted By: watcher51445
Date: Tuesday, 27-Dec-2011 10:14:21

World banks brace for euro collapse
Banks are preparing for a possible euro collapse.Banks around the world are preparing for the possible collapse of the euro as fears of the European debt crisis increase.
Several banks are even installing systems capable of coping with trading in old European currencies.
Meanwhile finance firms, corporations, and different governments have also turned to plans that aim at preparing them for harsh times.
Regulators have asked banks in the US and UK to provide updates on readiness levels in case of a possible euro collapse.
Some corporate firms have also started transferring their cash on a daily basis out of European countries, including debt-ridden Greece instead of once every two weeks.
Europe has for months grappled with an economic and financial crisis. Insolvency now threatens in-debt countries such as Greece, Portugal, Italy, Ireland and Spain.
Since its formation, the European Union had been a haven for those seeking refuge from war, persecution and poverty in other parts of the world.
The worsening debt crisis, however, has forced European governments to adopt harsh austerity measures and tough economic reforms. Tens of thousands of Europeans are migrating from their homelands as a result of these difficulties.
There are fears that more delays in resolving the eurozone debt crisis could push not only Europe, but also much of the rest of the Western world back into recession.

1 comment:

Anonymous said...

http://www.rumormillnews.com/cgi-bin/forum.cgi?read=225567 /// Canada shipping bomb uranium to US. Wed Dec 28, 2011 12:34AM GMT
An aerial view of the Chalk River nuclear power plant, Ontario, Canada (file photo)//
Canada is secretly transporting large amounts of highly enriched weapons-grade uranium to the United States, according to Canadian media reports. A confidential federal document made public on Tuesday says at least one payload of used, US-origin highly enriched uranium fuel has already been transferred stateside under a new accord between Canada and the US. The Canadian stockpile, which is quietly shipped from Chalk River in the province of Ontario, contains hundreds of kilograms of bomb-grade uranium, enough to make several Hiroshima-sized nuclear bombs. This is while the Canadian Nuclear Safety Commission, the country's atomic watchdog, seeks to keep the issue secret, by refusing to set up public hearings about it, or disclose which communities lie along the transit route.
The transportation of atomic material originates from the highly publicized deal signed by Canadian Prime Minister Stephen Harper and US President Barack Obama in 2010. The deal was signed amid fears that terrorists may get access to weapons-grade uranium. The development has aroused a great controversy inside Canada, hampering the shipment of 16 generators from the North American country through the St. Lawrence River, onto the European countries.
http://www.presstv.ir/detail/218088.html ****
http://www.presstv.ir/section/3510207.html ...news from Americas.....//
http://www.presstv.ir/section/3510202.html ....from Middle-East.....//
http://www.presstv.ir/section/3510204.html ...from Asia-Pacific.....//