nuff said!!, page-13

"the european commission has recommended European Trading Banks prepare contingency plans on the basis of a seperation of some or all countries from the EURO and prepare future operational plans on that basis"

Well logic tells me that such statement has to be FALSE. The European commission is trying to save the euro and not to destroy it.

http://ec.europa.eu/news/economy/111117_2_en.htm

There have been news coming out of Britain that banks there have been busy making contingency plans for a break up of the eurozone. However, I have to say that Britain HAS NEVER BEEN a keen participant in the European project and has even been, in certain instances, hostile to it.

"The FML Question to consider-will Australia peg itself to the US$ as it appears to be doing "at the moment"and for the last few months, or to a "basket of other trading currencies"

The Australian dollar is a floating currency and is not pegged to any currency. In the forex markets it is considered as a commodity currency.

http://en.wikipedia.org/wiki/Commodity_currency