By Ben Hirschler and Scott Malone – “It’s hard to make detailed plans but we need to think through how our pricing strategy would fare if there were suddenly a dismantling of the euro,” Brandgaard told Reuters. “How do we avoid falling into a trap? This is the first time I’ve asked such a question. It’s a topic that is increasingly on the radar.”
Banks, brokers and exchanges are in the front line.
ICAP, the world’s top broker for foreign exchange and government bonds, said on Monday it has tested its trading system to handle the collapse of the euro zone and re-emergence of national currencies. more> http://is.gd/wnceRH
- Germany, France press coercive euro zone debt rules (theneteconomy.wordpress.com)
- Fiscal Union Cannot Save the Euro, Derek Thompson, Atlantic
- European Credit Crunch Starting As Crisis Spreads To Private Sector, Agustino Fontevecchia, Forbes
- Can the Super Marios save the euro? (curiouscapitalist.blogs.time.com)