News Spanish bailout

[Chilly]

What you forget is that the people will still be there and will have something to trade for whatever we are trying to sell. Be it a new/old currency or other commodities it's all still good trade.

 

[cHodAX]

What you forget is that the people will still be there and will have something to trade for whatever we are trying to sell. Be it a new/old currency or other commodities it's all still good trade.

Of course, it's the shock impact that worries, the couple of months it would take for things to settle down and the amount of jobs that are shed in the meantime. Not forgetting the severe disruption to the food supply chain while we sort out the mess of paying the suppliers in a currency that is actually of use to them and that can retain it's value over the short term.

 

[rynnor]

Spain is now running out of time - it can struggle on for a bit longer but realistically its going to have to accept a full bailout with austerity measures if the Eurozone can afford it and Italy wont be far behind...

I attended a planning meeting looking at how the eurozone breakup would affect the company and what preparation we could do a few weeks back - its getting uncomfortably real...

 

[Raven]

We are buying the bare minimum of Euros at the moment and getting it last minute too, to pay our Euro suppliers.

 

[Embattle]

I guess we will see what happens after Sunday.