u.k. treasury is said to want to avoid an influx of economic refugees plans include evacuating british ex-pats from affected countries and even the temperate closure of borders financial analyst says attempts by european the it is to avoid the worst case scenario making it would likely. european leaders are trying to shore up the eurozone by having greater degrees of centralization and more having countries like france and germany have the final say in a sense over the budgets of those e.u. member states that have excessive budget deficits but that really isn't the answer to the problems what's really needed is either a massive injection of cash into countries like greece and italy to shore up their economies course another option would of course to recognize that the single currency has hurt competitiveness in many nations of the eurozone and there's damage to economic growth meaning that the economies can't grow their way out of the debt crisis that they're in and they're just in this debt spiral of having people austerity measures forced upon them which then means they still cannot pay back

u.k. treasuries working on a contingency plan now apparently for the single currency's collapse the proposal includes introduced. capital control measures as well as closing the country's borders and even evacuating ex-pats and tourists from affected countries robert oulds is president of the bruges group of campaigners against excess unification in europe he told me that many nations would in fact benefit if the eurozone was to collapse while the european leaders are trying to shore up the eurozone by having great agrees of centralization and more having countries like france and germany have the final say in a sense over the budgets of those e.u. member states that have excessive budget deficit but that really isn't the answer to the problems wilts really needed as either a massive injection of cash into countries like greece and italy to shore up their economies to be talking in the trillions of euros that's what one option of course another option would have cost to recognize that the single currency has hurt competitiveness in many nations of the eurozone and has damaged economic growth

u.k. treasury is set to avoid any or wants to avoid an influx of economic refugees and plans include evacuating british ex-pats from affected countries and even the temporary closure of its borders but on trial as robert oulds says attempts by european leaders to avoid a worst case scenario are only making it more likely. leaders are trying to shore up the eurozone by having greater degrees of centralization and more having countries like france and germany have the final say in a sense over the budgets of those e.u. member states that have excessive budget deficits but that really isn't the answer to the problems what's really needed is either a massive injection of cash into countries like greece and italy to shore up their economies course another option would of course to recognize that the single currency has hurt competitiveness in many limitations of the eurozone so really there's a number of options either to transfer funds from the north to the struggling south or of course have an orderly break up of the eurozone greece still remains of the center of europe's financial storm windows t

u.k. treasury is working on a contingency plan for the euro's collapse the proposal includes introducing capital control measures as well as closing the country's borders and even evacuating ex-pats and tourists from affected countries robert oulds president of the brewers groups of campaigners against access unification in europe says that doing away with the euro could actually benefit some nations. well the. leaders are trying to shore up the eurozone by having greater degrees of centralize ation having countries like france and germany have fallen off site in a sense over the budgets of those e.u. member states that have excessive budget deficits but that really isn't the answer to the problems really needed as even a massive injection of cash into countries like greece and italy to sure what they have a cold amazed to be talking in the trillions that's one option of course another option would of course to recognize that the single currency is haute competitiveness in many nations of the eurozone and has damaged economic growth meaning that the economies can't grow their way out of the cost

u.k. treasury now is working on a contingency plan for the single currencies collapse if it does happen it includes capital control measures that under a new rules require agreement from most of the union members now britain's also prepared it says to close its borders and evacuating exports and holidaymakers from the affected countries if the worst was to happen robert oulds president of the brute group of campaigners against excess unification in europe i'm sure that for the server robert very good to see you tonight so what are the chief dangers that the u.k. is trying to protect itself from in case of the euro's breakup that i've been talking about. one of the main things that the british treasury is concerned about is that as the euro collapses the value of the pound would increase in value which would harm a british exports really course the treasury's mainly focusing on problems caused by the collapsing you warmer than the benefit so really it's looking at things around the wrong way there would be benefits to many nations if the eurozone did indeed collapse or was at least wound up

and japan continuing to increase treasurys but the u.k. and japan, the flat land treasury purchasers. the fed has been active that the european bailout starting in 2007 was forward with the discount window of operation and peaks in 2008. the largest european bar was a failed belgian bank. most of the discount windows loans that were paid we are still in the dark on the guarantees. recently the pcb through swap lines in november. these are seven day swaps trading 0.8% and the bank board the same amount in the prior week, etc.. it begs the question how long that will keep this fall line open. we cannot see the swap line's real-time the evidence indicates the swap is a short half-life meaning that it is able to drive down the rates momentarily and rises back up showing that it was ineffective. recent disagreement of the size of a fed intervention of discount window and guarantees between and the fed and bloomberg markets. the bloomberg market said the fed committed $7.7 trillion as of march of 2009. almost the size of our national debt at one

u.k. and the continent. >> then, richard, the americans come to them. treasuryretary, timothy geithner, toured europe this week, highlighting how important it is for the united states that europe succeed in all of this. does that tell you just how important europe is for the u.s. when instead of the -- treasury secretary here trying to sell the president's payroll tax holiday and working on that front, it affects every working family in america, he is in europe. >> the european union is the single largest economy in the world bar none. it's bigger than the united states. and it is -- the u.s. is single largest trading partner. statistics go on and on and on. if you take the totality of the union. anything that jeopardizes the economic growth on this side of the atlantic, is going to be of serious concern. and that's why the fed came in with its cheap dollar swaps and that is why obama, the president, has said how serious it is. it is why tim geithner came over here. and i think ultimately it is why the u.s. wants the european union, the euro zone, to work as an

treasuries, this could be a problem. u.k. and japan continue to increase their purchases. the u.k. and japan are not engh to pick up the slack of china purchases. the fed has been active in european blout starting in 2007. it pete in 2008. the largest european borrower was the failed one. we are still in the dark on the guarantees. the ecb dw $552 million from the fed. in november, there's an interest rate of 1.08%. the fed also bar the same amount in prior week. how long will they keep the swap line opened? well the cannot see it in real time, the evidence indicates a basic swap has a very short half light. it is able to drive down in great momentarily. this is ineffective. a recent disagreement was an immediate between the fed market magazine, it the bloomberg market said they had 7.7 illion. that is almost the size of our national debt at one point recently. the fed disagreed and said it was never more than $1.50 trillion. whatever we're looking at, it ll impact these large numbers. the fed is attempting to bail out of the eozone. on the fed side, it is clear that the guarantees

treasuries, this could be a problem. u.k. and japan continue to increase their purchases. the u.k. and japan are not enough to pick up the slack of china purchases. the fed has been active in european bailout starting in 2007. it pete in 2008. the largest european borrower was the failed one. we are still in the dark on the guarantees. the ecb drew $552 million from the fed. in november, there's an interest rate of 1.08%. the fed also bar the same amount in prior week. how long will they keep the swap line opened? well the cannot see it in real time, the evidence indicates a basic swap has a very short half light. it is able to drive down in great momentarily. this is ineffective. a recent disagreement was an immediate between the fed market magazine, it the bloomberg market said they had 7.7 trillion. that is almost the size of our national debt at one point recently. the fed disagreed and said it was never more than $1.50 trillion. whatever we're looking at, it will impact these large numbers. the fed is attempting to bail out of the eurozone. on the fed side, it is clear that th

u.k. economies of the global economy is one big one thousand to g.d.p. ratio for tape worm i think it's sir alan sugar but listen max the point that these consultants made to the treasury was illustrated by the example of a saver who made seventy thousand pounds in contributions between one nine hundred ninety four and two thousand. the nine only to see the forty six thousand pounds and profit from the rise in the value of the footsie one hundred being consumed in its entirety by the financial services industry so every single penny of profit you made on the rise in the footsie went to bankers but there is a cult in the u.k. where the population itself endorses rupert murdoch's position and therefore david cameron's that these are god like human beings that only through them can we create economies and wealth while people newquay have money in a pension account let's say the pension account is tied to the footsie index and put you one hundred let's say well what these bankers do whether they just barclay is our roi beigels gallen lloyd's they take that index of a hundred stocks and they buy and sell them every week so then the quarter yeah yes the forty one hundred sto