Posted on 11/26/2011 6:08:42 PM PST by mandaladon
British embassies in the eurozone have been told to draw up plans to help British expats through the collapse of the single currency, amid new fears for Italy and Spain. As the Italian government struggled to borrow and Spain considered seeking an international bail-out, British ministers privately warned that the break-up of the euro, once almost unthinkable, is now increasingly plausible.
Diplomats are preparing to help Britons abroad through a banking collapse and even riots arising from the debt crisis.
The Treasury confirmed earlier this month that contingency planning for a collapse is now under way.
A senior minister has now revealed the extent of the Governments concern, saying that Britain is now planning on the basis that a euro collapse is now just a matter of time.
Its in our interests that they keep playing for time because that gives us more time to prepare, the minister told the Daily Telegraph. Recent Foreign and Commonwealth Office instructions to embassies and consulates request contingency planning for extreme scenarios including rioting and social unrest.
Greece has seen several outbreaks of civil disorder as its government struggles with its huge debts. British officials think similar scenes cannot be ruled out in other nations if the euro collapses.
Diplomats have also been told to prepare to help tens of thousands of British citizens in eurozone countries with the consequences of a financial collapse that would leave them unable to access bank accounts or even withdraw cash.
(Excerpt) Read more at telegraph.co.uk ...
(Typos corrected)
Yes, thanks for the correction. They'll have to go to your home and try to figure out what to take next. And you will be in some trouble if you don't have Rottweilers and lots of guns and ammo like I have at my home, way out here in the woods.
Good luck to you.
Yeah, I did that on a small-scale back at the start of 2009 (without the firearms). I live in an area prone to earthquakes, flooding and frequent power outages, I just wanted enough stuff to be able to get the family through an initial week of disruption until order was restored, rather than Armageddon which to my mind no one can actually sufficiently plan for.
In a great big sealable plastic tub I stored tinned goods, cooking oil, pasta and noodle packets along with basic medical supplies, a bottle of water sanitizer, batteries, torches and a big sack of rice. I put it all under the stairs.
In the middle of 2010 I took it out, the rice was inedible having gone black, the cans of food were rusted and blown, the water sanitizer had leaked over the batteries and torches hopelessly corroding them. Only the plastic wrapped dry goods and cooking oil remained.
If you’re going to go for the disaster-room thing you really need to keep rotating stuff out of it and watching the supplies, which is something that to be honest most of us can’t be bothered doing till it’s too late.
The entire world economy is on the verge of collapse/meltdown, folks. It’s scary.
Did you remember a can opener?
Well, a collapse has been supposed to happen for the past decade, but it kept getting postponed through more loans and more credit. More of everything and now the entire world is getting dragged down because we refuse to let others fall on their face.
No one would learn anything about managing finances though and I don’t see how forgiveness would end up with anything other than people going right back to their old irresponsible lifestyles. If a lot of people hadn’t been able to get more loans and had been left to fail, I am more than sure that we wouldn’t be getting dragged down as badly.
Not only for certain but for certain it won’t be easy.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.