BRITAIN PREPARES FOR EURO COLLAPSE. You knew it would all come down, eventually.
And this: Last week was full of bad financial news coming out of Europe.
And this: Last week was full of bad financial news coming out of Europe.
* Belgium’s debt was downgraded from AA+ to AA with a negative outlook.
* Italy had to pay 6.5 percent to sell six-month bills and 7.8 percent on two-year notes.
* Germany–with the best credit in Europe–was able to sell only 3.6 billion euros in ten-year bonds out of 6 billion euro’s worth offered. German interest rates shot up afterwards from 1.98 percent to 2.09.
* Britain’s Foreign Office is preparing contingency plans for aiding British subjects abroad if the euro collapses and riots erupt.
