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ICAP Runs Drachma-Trading Drills, Just In Case

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posted on Nov, 30 2011 @ 03:43 AM
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ICAP Runs Drachma-Trading Drills, Just In Case


www.e-forex.net

As the European authorities scramble to contain the terrible toddler that is the two-year-old debt crisis, the currencies-dealing industry is clearly preparing for the worst.

Its not that anyone particularly wants the euro to break up. No one is under any illusion that it would be a highly disruptive event. Every bond, loan, savings account and bar tab would be up for redenomination into comeback-kid currencies. Happy days for lawyers, printers and cash-machine manufacturers.
(visit the link for the full news article)


Related News Links:
www.silobreaker.com
www.advfn.com
blogs.wsj.com




posted on Nov, 30 2011 @ 03:43 AM
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Banks would rather eat glass than talk publicly about their in-house fire drills. But preparations are afoot. Having CLS and ICAP work through the details is just one part of that. Many bankers say in terms of trading, it would be a simple matter of adding a line of code to their systems. They could flip a switch tomorrow, in theory.


So obviously this is just around corner, or should i say its several months, it would be safe to say first few months in the beginning of '12

www.e-forex.net
(visit the link for the full news article)



posted on Nov, 30 2011 @ 07:45 AM
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I hope the Euro stays together, simply because it makes going on holiday so much easier.

That said, it is flawed and is simply unworkable while you have crappy Meditteranean economies on one side and the huge Northern powerhouses on the other. They both have very different needs....



posted on Nov, 30 2011 @ 09:12 AM
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what the # does a bar tab have anything to do with a financial crisis?? i smell bull#



posted on Nov, 30 2011 @ 09:26 AM
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And now we see that the euro zone is getting a IMF (Read: America) bailout.

Hey euros, if you guys are so smart why do keep need America to bail you out? It's the 4th time is less than a century. If guys were as smart as smart as you say, you'd think you'd be able to run your affairs with America hand holding.



posted on Nov, 30 2011 @ 10:09 AM
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Originally posted by Number23
And now we see that the euro zone is getting a IMF (Read: America) bailout.

Hey euros, if you guys are so smart why do keep need America to bail you out? It's the 4th time is less than a century. If guys were as smart as smart as you say, you'd think you'd be able to run your affairs with America hand holding.


I suggest you take a moment and study the IMF, who it is run by, who contributes funds etc.

Then come back and you might have time to edit your post so you don't seem like a total plank.

What's with the "save your asses 4 times" thing anyway? WW1 you turned up so late that the war was virtually over by the time your boys got to the front. WW2, the British stood alone for 2 years and it was mainly the Russians who beat the Germans. Not sure what the other time is your alluding too....



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