- December 18, 2011 at 11:08 am #56658
Here’s sign of the times. It may be just a normal contingency plan by the Foreign Office, however it forced me to think what I personally would do if the banking system collapsed in Europe. A reserve stash of cash seems to be one solution. 🙁
The Foreign and Commonwealth Office is drawing up plans to evacuate thousands of British expatriates from Spain and Portugal in the event that their banking systems collapse. It comes as credit rating agencies warn that the deal struck by EU leaders this month may not save the single currency from further turbulence and possible collapse. Officials from the Foreign Office and the Treasury are preparing contingency plans to help thousands of Britons get home if banks in Spain and Portugal — two of the most vulnerable eurozone economies — fail and people are unable to get at their money.
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