World Scrambles to Prepare for Collapse of the Eurozone
Tuesday, 29 May 2012 11:58
'Policymakers and firms across Europe are making preparations to cope with a break-up of the single currency, with the president of the Swiss central bank yesterday becoming the latest senior figure to admit to contingency plans for a "collapse" of the eurozone.
"We must be prepared just in case the currency union collapses,
although I don't expect that to happen," said Swiss National Bank boss
Thomas Jordan. He added that his objective would be to prevent funds
flooding into the safe haven of the Swiss franc, which could damage his
country's export sector.'
Read more: World Scrambles to Prepare for Collapse of the Eurozone
Read more: World Scrambles to Prepare for Collapse of the Eurozone
