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Businesses plan for possible end of euro

Posted By yihan On November 30, 2011 @ 4:54 am In Featured Stories | Comments Disabled

Tony Barbe and Daniel Dombey
Financial Times [1]
Wednesday, November 30, 2011

International companies are preparing contingency plans for a possible break-up of the eurozone [2], according to interviews with dozens of multinational executives.

Concerned that Europe’s political leaders are failing to control the spreading sovereign debt crisis, business executives say they feel compelled to protect their companies against a crash that can no longer be wished away.

When German chancellor Angela Merkel and French president Nicolas Sarkozy raised the prospect of a Greek exit from the eurozone earlier this month [3], it marked the first time that senior European officials had dared to question the permanence of their 13-year-old experiment with monetary union.

Full story here. [1]


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URL to article: http://www.prisonplanet.com/businesses-plan-for-possible-end-of-euro.html

URLs in this post:

[1] Financial Times: http://www.ft.com/cms/s/0/25ab975a-1a9f-11e1-ae14-00144feabdc0.html#axzz1fBkypNFB

[2] a possible break-up of the eurozone: http://www.ft.com/intl/indepth/euro-in-crisis

[3] the prospect of a Greek exit from the eurozone earlier this month: http://www.ft.com/intl/cms/s/0/c47bc3f4-0605-11e1-ad0e-00144feabdc0.html#axzz1evFui9qd

[4] Germany dampens hopes as France warns of euro ‘explosion’: http://www.prisonplanet.com/germany-dampens-hopes-as-france-warns-of-euro-explosion.html

[5] Greece could quit the euro, admits Merkel as global markets are plunged into turmoil: http://www.prisonplanet.com/greece-could-quit-the-euro-admits-merkel-as-global-markets-are-plunged-into-turmoil.html

[6] France, Germany to propose new EU treaty-Sarkozy: http://www.prisonplanet.com/france-germany-to-propose-new-eu-treaty-sarkozy.html

[7] France & Germany: Save euro with one EU government: http://www.prisonplanet.com/france-germany-save-euro-with-one-eu-government.html

[8] Sarkozy Opposes IMF Loan to Greece, Widens Rift With Germany: http://www.prisonplanet.com/sarkozy-opposes-imf-loan-to-greece-widens-rift-with-germany.html

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