Central Banks around Europe are considering life after the Euro as reported by GoldCore.

Central Banks Prepare For Life After Euro
The Wall Street Journal reports today that central banks are preparing for life after the euro with countries studying printing national currencies in case the single monetary union collapses.

Given the real risk of a breakup of the currency as we know it today, that would seem like the logical and prudent thing to do. 

Major multinational corporations are planning for the possibility of this scenario and recently British Chancellor George Osborne said his government had contingency planning in place in the event of the break-up of the euro.

There has been reports for the last few months of Central Banks seeking printing equipement or rumours of printing new currency. Earlier this week we reported that the Wall Street Journal has reported the Irish Central Bank has been seeking printing equipment to go back to the Punt.

In an article last week from ArabiaMoney,

Germany has its printing presses working overtime but they are not printing euros but Deutsche Mark notes in case the eurozone sovereign debt crisis ends in a return to national currencies.

At the same time the British Foreign Office has issued warnings to embassies in the eurozone to prepare to handle the problems of its expatriates who may be unable to access local bank accounts and face rioting mobs.

On the 4 October MoneyNews.com it was said quoted by a Philippa Malmgren who is a former economics advisor to George Bush

“The decision has already been made by the government that leaving the euro is a possibility. I think they have already got the printing machines going and are bringing out the old deutsche marks they have left over from when the euro was introduced.”

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