A trader looks at electronic boards at the stock exchange in Madrid. Photograph: Andrea Comas/Reuters
EC Preparing Secret Plans For Greek Euro Exit -- The Telegraph
Legal advice on capital controls, including limits on withdrawals from Greek bank accounts, and emergency border restrictions, has been provided by the European Commission to eurozone governments drawing up plans for Greece to leave the euro.
Commission officials confirmed on Tuesday that "these elements" of contingency planning for a Greek exit from the single currency have been discussed by the "euro working group" (EWG) of Treasury officials and junior finance ministers over the last six weeks.
"There are indeed discussions, and we are asked to clarify what is foreseen in the EU treaties," said a Commission spokesman. "Some people are working on scenarios. We are providing information on EU law as guardian of the treaties."
Read more ....
More News On The EC Getting Ready For The Euro Break-Up
Debt crisis: live -- The Telegraph
Worry for Italy Quickly Replaces Relief for Spain -- New York Times
Euro Drops as Spanish Bond Yields Surge Amid Crisis -- Bloomberg
Euro zone bailout for Spain hobbled by technicalities -- Reuters
EU discuss 'limiting ATM withdrawals' -- Irish Times
EU: movement of money, people can be limited -- AP
The vicious euro circle keeps turning -- Stephanie Flanders, BBC
No comments:
Post a Comment