[mobertol]

Originally Posted by Acrylic-bob

Hot news among the commentariat is that, having officially denied it just a few weeks ago, HM Treasury, HM Foreign Office and The Bank of England are speeding up plans for the disorderly collapse of the Euro. No timscale is forecast by HMG for the collapse, but commentators are speculating that it will come at some point within the next month to two months. How it will happen appears to be anyone's guess, but a sudden banking failure, triggering a domino-like collapse of banks across Europe seems to be the anticipated scenario de jour.

Just a few short weeks ago The Bank of England dismissed the probability of a Euro collapse as one chance in a hundred. Yesterday, the Bank was no longer dismissing it and put that probability at 50/50.

Extraordinary situation. A genuinely historic moment. What woes such a collapse will bring in it's wake we can only guess at. Does anyone remember 1973?

Was just 10 in 1973 - of such matters i have no recollection -except that at junior school we'd had to learn first the old pounds, shillings and pence and then the decimal currency...

Is the scenario so devastating for the Eurozone?

Do you suggest a transfer a funds from Euro to Sterling for those of us living in the Eurozone? It is something i had already thought about recently...