Featured Stories World News Commentary Money Watch Multimedia Prison Planet U.S. News Science And Technology

REPORT: At Least One European Central Bank Is Dusting Off Its Old Printing Press

  • Print The Alex Jones Channel Alex Jones Show podcast Prison Planet TV Infowars.com Twitter Alex Jones' Facebook Infowars store

Sam Ro
Business Insider
December 8, 2011

As the eurozone debt crisis persists, one plan of action that hasn’t been completely pulled off the table is a break up of the eurozone, which would involve countries abandoning the euro.

According to WSJ reporters David Enrich, Deborah Ball and Alistair MacDonald, at least one eurozone country’s central bank is holding meetings to plan for such a scenario.

In recent weeks, officials at Ireland’s central bank have held preliminary discussions about whether they might need to acquire additional printing capacity in case the euro zone ruptures or Ireland exits in order to return to its prior currency, the Irish pound, according to people familiar with the matter. Officials have discussed reactivating old printers or enlisting a private company, the people said. “All kinds of things are being looked at that weren’t being looked at two months ago,” according to a person at one meeting. A spokeswoman for the Irish Central Bank declined to comment.

In a recent note to clients, Nomura estimated the value of each country’s currency in the event of a euro breakup. According to their analysis, Ireland’s currency would depreciate by 28.6% over a five year period against the current EUR/USD rate.

This article was posted: Thursday, December 8, 2011 at 4:02 am





Infowars.com Videos:

Comment on this article

Comments are closed.

Watch the News

FEATURED VIDEOS
Cliven Bundy Calls for BLM to be Disarmed See the rest on the Alex Jones YouTube channel.

Store Owner Shoots, Kills Intruder See the rest on the Alex Jones YouTube channel.

© 2013 PrisonPlanet.com is a Free Speech Systems, LLC company. All rights reserved. Digital Millennium Copyright Act Notice.