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Friday, 27 January 2012

Stay alert Friday evenings for euro announcement

If Greece were to leave the Euro, or if a major decision were made which affected the Euro, the announcement would likely be made after the Friday close of markets in the USA.
Emergency plans have been prepared for some time for changing currencies from the euro, in some nations.

If the euro were to be restructured, it would need to be completed quickly, within a span of hours.  It would need to be commenced on a Friday evening after market hours, preferably before a long weekend, to allow a full weekend for announcements, the imposition of emergency financial regulations, and the issue of new currencies while markets are closed, preferably while people are well away from their desks, as posted some time ago in "You can kiss me on a Friday".

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