Dr. Benny Peiser 29.12.2011 14:12 +Feedback
Britain’s borders close if the Euro collapses
BRITAIN’S borders will be closed to continental Europeans if the euro collapses, it was revealed yesterday. The emergency measure would block hordes of French, German and Dutch nationals who would be desperate to withdraw cash here with credit cards if banks in their own countries dry up. It is feared a run on British banks could also result in them being unable to service UK businesses. Chancellor George Osborne has confirmed extensive contingency plans are being drawn up to safeguard Britain. The Treasury will not reveal specifics. But there will be limits on how much money can be deposited in British banks in any European stampede to “safe havens” like the City of London. Such a rush would send the Pound soaring, dealing a crippling blow to British exports. Full story here
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Kategorie(n): Wirtschaft