Eurozone crisis: Foreign Office plans evacuation of expatriates
http://www.telegraph.co.uk/news/worl...patriates.html
http://uk.reuters.com/article/2011/1...7BF0P120111217
Eurozone crisis: Foreign Office plans evacuation of expatriates
Britons living in Spain and Portugal could get government help to leave the countries if the crisis in the eurozone sends their banks into meltdown.
Quote:
Originally Posted by Telegraph
The Foreign and Commonwealth Office and the Treasury is putting measures in place to help evacuate thousands of expatriates living in Spain and Portugal in case they are stranded no access to their savings. The two countries, which both have sizeable British populations, were among those made vulnerable by the "sustained deterioration" in funding. Spain was warned by credit rating agency Fitch that it was facing a debt downgrade along with Italy, while Ireland, Belgium, Slovenia and Cyprus were also given the warning.
Quote:
Originally Posted by Telegraph
Meanwhile, around one million Britons live in Spain with around 50,000 in Portugal. The Foreign Office said it was concerned they could be cut off from their accounts if the countries' banks called in loans. A source told the Sunday Times (£) the Government was considering chartering planes, ships and coaches to bring expats back to the UK. “The nuclear scenario would be having thousands of Brits stranded at the airports in Spain and Portugal with no way to get money from the cash dispenser and no way to get home. Who would be blamed for this? The Foreign Office," an official said. “We are looking at how we can help evacuate them if the banks in Spain and Portugal collapse, getting people cash, things like that, sending planes. We did similar things in Lebanon in 2006. We are coordinating with the Treasury.”
Financial aid could also be sent to expats, many of whom are retired and living on small incomes. A Treasury spokesman said: "Of course we plan for a range of contingencies. We are not going into the specifics of what we are planning for." Last month, it was reported that the Foreign Office had asked embassies and consulates for contingency plans for rioting and social unrest in countries most affected by the eurozone crisis. Diplomats were told to prepare for an evacuation of tens for/of thousands of British citizens as a banking/currency collapse could mean they would be unable to withdraw cash. An FCO spokesperson said: "Officials continue to contingency plan for a range of possible scenarios"
Its clear the end is nearing now and I can't even see the northern European countries holding onto the currency once the others drop away like flies. The brand is now so contaminated, with the unelected European Commission itself not even using the phrase 'Euro bonds' and instead using 'Stability bonds' to refer to their-dead-in-the-water proposals. A recent poll showed the Germans don't even want the Euro currency anymore despite Germany being fed with rubbish about its collapse (ie, the world will end).
The pain when it collapses will be great make no doubt about it, but the longer it is put off then the worse and worse it will get. When it does go though, lets hope justice is done and the people behind this Euro and the European Union 'project' are taken to court. The irony is, those who claimed they 'loved Europe' by trying to create a new country called Europe and erase any signs of the old ones are the ones who are now going to be potentially responsible for a currency collapse, a outbreak of violence as people lose their life savings and governments being toppled by military regimes simply because there's no other option.
But thats what happens when all people care about is not having to exchange their currencies when they go on their next holiday. In the end, you won't be able to afford any holidays due to your own ignorance.
Thoughts? would those who said we should have joined the Euro please stand up?
