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Orientations of the euro currency to replace the old
01/12/2011
BAGHDAD - agencies
European banks are preparing at this time all the circumstances and what will happen in the euro area, in anticipation of a possible collapse of the European Union.
Operating financial companies, which pumps about $ 4 trillion a day to the European market, to test systems that enable them to deal with trading in European currencies that were used before the imposition of the euro as the currency standard.
Corporation (ICAP), which act as an intermediary world of electronic commerce and the provision of services trade in Britain, is preparing to use electronic trading systems in other currencies, in an attempt to anticipate the likely exit of Greece from the euro zone and return to the use of currency drachma.
Quoted by the Wall Street Journal informed sources that the banks are looking for new ways for the settlement of transactions in different currencies, and conduct stress tests in preparation for the disintegration of the euro area.
Show these moves on the signs of deep concern about leaving more than one country for the euro, at a time in which he says, analysts and experts said that banks are preparing for the possibility of increasing disintegration of the euro area, in whole or in part, which is likely to return the use of currencies earlier such as the drachma, the German mark or the Italian lira.
This scenario is highly improbable just a few months ago, but investors and analysts now say they had no choice but to prepare, even if not the application of this scenario.
While experts expressed concern about the repercussions of the financial crisis by the collapse of the euro area, including the possibility of a new global financial crisis.
The burden of dealing with this change is largely on the inner workings of the currency market, where officials will face a greater challenge currency regulations of the challenge in 2009 when the European currency union.
European leaders continue to make efforts to find a solution to the debt crisis, despite the fact that investors are losing confidence that they will be able to control the growing crisis.
He admitted that many of the political situation is fraught with risks, increasingly, as Italian Prime Minister Mario Monti said on Friday that the European leaders to discuss the possibility very seriously the end of the euro, recognized that the collapse of the austerity measures in Italy mean the end of the European Monetary Union, composed of 17 members.
It is scheduled to meet leaders of the euro area again this week in an attempt to support the plans to contain the crisis of debt stock increased, and include proposals to establish a fund to save, while repeats of some policy makers, call the European Central Bank to make more effort to promote government bond markets, rising return on sovereign debt in recent weeks.
It is not uncommon for financial institutions to prepare for the worst-case scenario, even if the rate was a significant likelihood of occurrence.
Analysts have been issued in the Merrill Lynch report suggests how America would react to the euro in the event of a break-up, and put the value of individual currencies, such as the French franc and Italian lira. While the disintegration of the euro rather than the rule in the basic scenario but analysts considered that it is worth consideration.
Has been issued, analysts in other banks, including Nomura Holdings of Japan, reports discussing the possible end of the euro, and advised clients to verify their statements of bonds denominated in euros in order to ascertain if it can be converted to local currencies, such as the drachma, which could swamp the market quickly .
And trying to financial institutions such as ICAP to anticipate what might happen in the hours and days of shock in the event of dissolution of the euro, say executives at the company that it can be used drachma as a project as a road map for how to prepare for this outcome involving multiple currencies, and shook the dust off the old bonds used were archived after Greece joined the euro a decade ago, in preparation for use as a basis for the work of a new company after the collapse of the euro.
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01/12/2011
BAGHDAD - agencies
European banks are preparing at this time all the circumstances and what will happen in the euro area, in anticipation of a possible collapse of the European Union.
Operating financial companies, which pumps about $ 4 trillion a day to the European market, to test systems that enable them to deal with trading in European currencies that were used before the imposition of the euro as the currency standard.
Corporation (ICAP), which act as an intermediary world of electronic commerce and the provision of services trade in Britain, is preparing to use electronic trading systems in other currencies, in an attempt to anticipate the likely exit of Greece from the euro zone and return to the use of currency drachma.
Quoted by the Wall Street Journal informed sources that the banks are looking for new ways for the settlement of transactions in different currencies, and conduct stress tests in preparation for the disintegration of the euro area.
Show these moves on the signs of deep concern about leaving more than one country for the euro, at a time in which he says, analysts and experts said that banks are preparing for the possibility of increasing disintegration of the euro area, in whole or in part, which is likely to return the use of currencies earlier such as the drachma, the German mark or the Italian lira.
This scenario is highly improbable just a few months ago, but investors and analysts now say they had no choice but to prepare, even if not the application of this scenario.
While experts expressed concern about the repercussions of the financial crisis by the collapse of the euro area, including the possibility of a new global financial crisis.
The burden of dealing with this change is largely on the inner workings of the currency market, where officials will face a greater challenge currency regulations of the challenge in 2009 when the European currency union.
European leaders continue to make efforts to find a solution to the debt crisis, despite the fact that investors are losing confidence that they will be able to control the growing crisis.
He admitted that many of the political situation is fraught with risks, increasingly, as Italian Prime Minister Mario Monti said on Friday that the European leaders to discuss the possibility very seriously the end of the euro, recognized that the collapse of the austerity measures in Italy mean the end of the European Monetary Union, composed of 17 members.
It is scheduled to meet leaders of the euro area again this week in an attempt to support the plans to contain the crisis of debt stock increased, and include proposals to establish a fund to save, while repeats of some policy makers, call the European Central Bank to make more effort to promote government bond markets, rising return on sovereign debt in recent weeks.
It is not uncommon for financial institutions to prepare for the worst-case scenario, even if the rate was a significant likelihood of occurrence.
Analysts have been issued in the Merrill Lynch report suggests how America would react to the euro in the event of a break-up, and put the value of individual currencies, such as the French franc and Italian lira. While the disintegration of the euro rather than the rule in the basic scenario but analysts considered that it is worth consideration.
Has been issued, analysts in other banks, including Nomura Holdings of Japan, reports discussing the possible end of the euro, and advised clients to verify their statements of bonds denominated in euros in order to ascertain if it can be converted to local currencies, such as the drachma, which could swamp the market quickly .
And trying to financial institutions such as ICAP to anticipate what might happen in the hours and days of shock in the event of dissolution of the euro, say executives at the company that it can be used drachma as a project as a road map for how to prepare for this outcome involving multiple currencies, and shook the dust off the old bonds used were archived after Greece joined the euro a decade ago, in preparation for use as a basis for the work of a new company after the collapse of the euro.
[You must be registered and logged in to see this link.]
