Sunday, November 27, 2011

Brits prepare for euro collapse

Following the downgrading of Belgium's credit rating, the Foreign Office is advising its embassies to prepare contingency plans for the possibility of the collapse of the euro. 
You would expect the Foreign Office mandarins to be prepared for every eventuality - but here's a doomsday scenario which might just happen.
British embassies are now taking active steps to prepare for the possibility of the euro collapsing - something that's no longer as inconceivable as it once was.
The Foreign Office is preparing contingency plans to help expats from the Costa del Sol and the Algarve who could be stranded without cash - or caught up in riots and civil unrest.
Comment: Let the bureaucrats make their contingency plans. I prefer to expect the unexpected as any good investor should.

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