Monday, December 26, 2011

At least two international banks prepared meticulously for the end of the euro

At least two international banks prepared meticulously for the end of the eurohttp://www6.mashy.com/uploads/2c/a9/2ca9eaf4a2c71238303d36f8c70a7e2f/011.jpg
According to the Wall Street Journal that the global banks at least have taken measures to make deals prior to the currencies in the euro area countries with the European debt crisis escalated in recent months.

The newspaper said, citing financial sources close of the file Friday that the two banks tried to develop systems to be able to do deals Ballir Italian or Greek drachma, but they faced difficulties.

Contact officials and technicians in the two banks, the Belgian company SWIFT, which operates a network used for international financial transactions in order to obtain technical assistance and currency symbols to prepare for rescue systems in the event of a breakup of the euro, according to these sources.

But the company refused to give any information out of fear that feeds the speculation and increases the vulnerability of the euro area.

The newspaper said the bank is considering all aspects of the impact of out of state or more than the euro area, starting from the end of the loan agreements and security of its employees in this state.

Forex

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