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Originally posted by Vitchilo
Europe should do the same thing to prepare for a collapse in the UK :
UK's debt? 950% of GDP
Originally posted by boymonkey74
reply to post by DaveNorris
Nah trust me fella the BNP are racist, I was in a pub in Mixenden in west yorkshire (They got a BNP counciler) and because I was drunk and wondered what was going on I went upstairs in the function room to find 50 odd BNP supporters having a party/rally, I stayed for 10 min's and left...they are really racist and have members who are in the skinhead racist nazi groups like N9S ect I saw the tattoo's.
Originally posted by arollingstone
This sort of headline should be treated with a LOT of salt. The Daily Mail is a hugely sensationalist tabloid and has been selling fear for years. Yes, there are other sources - one of them is RT, who have very little credibility in my eyes after watching some of the nonsense they've been peddling recently.
I highly doubt the UK would close off its borders entirely, they would just get much stricter with immigration checks in the worst case scenario.
The U.K. Treasury is working on contingency plans for the disintegration of the euro that include capital controls, The Daily Telegraph reported on its website Monday, without saying specifically where it obtained the information.
Preparations are being made only for a worst-case scenario and would run alongside similar limited capital controls across Europe, imposed to contain the economic fall-out of a break-up and to ease the transition to new currencies, the newspaper said.
Officials fear that if one member state left the euro, investors in both that country and other vulnerable euro-zone nations would transfer their funds to safe havens abroad, the newspaper wrote. Capital flight from weak euro nations to countries such as the U.K. would drive up sterling, dealing a devastating blow to the U.K. government's plans to rebalance the economy towards exports, the Telegraph said.
Capital controls form just one part of a broader response to a euro break-up, however, the newspaper said. Borders are expected to be closed and the Foreign Office is preparing to evacuate thousands of British expatriates and holidaymakers from stricken countries, the Telegraph said.
www.nasdaq.com...< br />
Treasury Plans For Euro Failure
The Government is considering plans to restrict the flow of money in and out of Britain to protect the economy in the event of a full-blown euro break-up.
Capital controls form just one part of a broader response to a euro break-up, however. Borders are expected to be closed and the Foreign Office is preparing to evacuate thousands of British expatriates and holidaymakers from stricken countries.
www.telegraph.co.uk...
The U.K. Treasury is working on contingency plans for the disintegration of the euro that include capital controls, The Daily Telegraph reported on its website Monday, without saying specifically where it obtained the information.
Originally posted by arollingstone
reply to post by this_is_who_we_are
The U.K. Treasury is working on contingency plans for the disintegration of the euro that include capital controls, The Daily Telegraph reported on its website Monday, without saying specifically where it obtained the information.
Why can they not reveal their source? Is it Haaretz?
Journalists never reveal their sources, it is against their journalist ethics to do so. Some have even went to jail to protect their sources.
Originally posted by David291
reply to post by Ixtab
Yeah I know, I've sent applications etc many times to them but nothing. it's really confusing me, I know people that are less qualified and less experienced that I getting employed and I'm not even though I'm making more of an effort too.
""""
Originally posted by monkofmimir
reply to post by this_is_who_we_are
I think you would see a lot more isolationism occur around the world, but I believe the US would be slow to follow. I think there may be a return to home grown industry here in the US. One day, it will be cheaper in the long run, to manufacture domestically. Though I may not be alive to see it, I think it will come about as the political climate and economics dictate it.
""""If the global economy collapses your going to see some countries trying to merge and a lot more simply closing there borders and ignoring the rest of the world. There will be Greece style riots in every major city in the world. Supply lines will be shattered and there will be massive food and goods shortages... where it goes from there though is anyones guess...