By h.b. - Dec 18, 2011 - 11:15 AM
The Sunday Times reports that the Foreign Office is preparing for the worst case scenario and a collapse of banks in the Eurozone
The Sunday Times has claimed that Whitehall has plans for a euro-evacuation. The paper claims that the Foreign and Commonwealth Office is drawing up plans to ‘rescue’ thousands of British expats from Spain and Portugal in the event of a banking collapse.
... "The Foreign and Commonwealth Office is drawing up plans to evacuate thousands of British expatriates from Spain and Portugal in the event that their banking systems collapse. It comes as credit rating agencies warn that the deal struck by EU leaders this month may not save the single currency from further turbulence and possible collapse. Officials from the Foreign Office and the Treasury are preparing contingency plans to help thousands of Britons get home if banks in Spain and Portugal — two of the most vulnerable eurozone economies — fail and people are unable to get at their money.
The Treasury confirmed that plans to give emergency aid to Britons if eurozone banks collapse were being prepared but refused to give details.
Foreign Office sources said it was planning for a “nightmare scenario” with thousands of penniless Britons sleeping at airports with no money and no means of getting home. Among the contingency plans being discussed are sending planes, ships and coaches to evacuate expats.
A senior Foreign Office source said the plans were being drawn up to deal with a worst case scenario. It is drawing on experiences of other mass evacuations, such as during the 2006 war between Hezbollah and Israel where the UK sent warships to evacuate expats from Lebanon. ...
Read more: http://www.typicallyspanish.com/news/publish/article_33066.shtml#ixzz1gyNJhJt6
The Sunday Times reports that the Foreign Office is preparing for the worst case scenario and a collapse of banks in the Eurozone
The Sunday Times has claimed that Whitehall has plans for a euro-evacuation. The paper claims that the Foreign and Commonwealth Office is drawing up plans to ‘rescue’ thousands of British expats from Spain and Portugal in the event of a banking collapse.
... "The Foreign and Commonwealth Office is drawing up plans to evacuate thousands of British expatriates from Spain and Portugal in the event that their banking systems collapse. It comes as credit rating agencies warn that the deal struck by EU leaders this month may not save the single currency from further turbulence and possible collapse. Officials from the Foreign Office and the Treasury are preparing contingency plans to help thousands of Britons get home if banks in Spain and Portugal — two of the most vulnerable eurozone economies — fail and people are unable to get at their money.
The Treasury confirmed that plans to give emergency aid to Britons if eurozone banks collapse were being prepared but refused to give details.
Foreign Office sources said it was planning for a “nightmare scenario” with thousands of penniless Britons sleeping at airports with no money and no means of getting home. Among the contingency plans being discussed are sending planes, ships and coaches to evacuate expats.
A senior Foreign Office source said the plans were being drawn up to deal with a worst case scenario. It is drawing on experiences of other mass evacuations, such as during the 2006 war between Hezbollah and Israel where the UK sent warships to evacuate expats from Lebanon. ...
Read more: http://www.typicallyspanish.com/news/publish/article_33066.shtml#ixzz1gyNJhJt6
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