[Nyboe]

too freaking funny, maybe I should hold on to a few euros.... who knows in a few years they may be collector pieces like confederate dollars.

[gogogodzilla]

The line, "Nevertheless Mr Norfield added that if a break-up was to occur, it would be a 'disaster' for the euro." is a classic.

Who would have ever guessed that if the Euro were to break-up, that it would be disastrous for the... Euro?

Golly, that's some mighty fine thinking on that one...

[snowsislander]

but for those central banks thinking in decades and readily raising their ratio of euro reserve assets, these are extremely relevant questions

They are indeed. I imagine the lights are burning way into the night in many central banks around the globe just to see what the scenarios look like.

There are probably other folks trying a few changes to their models also.

[Happy2BMe]

So what are they gonna do to the "defectors?"

Try them before the World Court? Turn them over to Kofi Anan? What?

(Mussolini and Hitler would be devastated over this outraged!)

=========================

The German Bundestag is also said to have commissioned a report on the legal repercussions of a country wishing to leave the EMU.

Germany’s finance ministry labelled the talk “absurd”, while Mr Eichel and Mr Weber issued a statement saying the euro was a “unique success story”. But the damage had been done.

[Porterville]

HAHAHAHHAHAHAHHAHAHAHHAHAHHAHAHAHHAHAHHAH...................LoOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEERRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRSSSSSSSSSSSSSSSSSSSSSSSSS...losers.

[RFEngineer]

I don't think the Europeans have the discipline to maintain free markets, among other things......so it's only a matter of time until economic and social pressures force countries to revert to their native currencies one-by-one so they can set their own monetary policies....

Either they figure out how to do it in a controlled manner, or the speculators will bring it down with a bang at the most inopportune moment.

(of course, what do I know, I'm no hifalutin' financial type......)

[Barset]

Good article. Thanks for posting it.

[RJL]

at a meeting at which the possible break-up of European Monetary Union was discussed.

LOL... No word on pricing crude oil in Euros?