Bank on North Dakota
When the dollar goes the way of the euro, North Dakota just might be the place to be
By Anthony J. Tarquinto -- Bio and Archives--January 5,2012
American Politics, News | Comments | Back To Full Article
The December 8, 2011 Wall Street Journal headline “Banks Prep for Life After Euro” is an acknowledgement that nation-states in the European Union are finally coming to terms with the possible end of the common currency.
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Some central banks in Europe have started weighing contingency plans to prepare for the possibility that countries leave the euro zone or the currency union breaks apart entirely. At least one -- the Central Bank of Ireland -- is evaluating whether it needs to secure additional access to printing presses in case it has to churn out new bank notes to support a reborn national currency.(1)
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