Flashback: German Paper: Banks Getting Ready for Greece to Leave Euro

Banks are preparing staff to deal with riots after Greece switches back to the drachma.

Banks are quietly preparing for Greece to leave the EU, Süddeutsche Zeitung warned August 22. “An army of management consultants and lawyers” have spent weeks on “the infinite number of things to do,” it wrote (translation from Presseurop throughout).

Not only have officials been getting their computer systems ready to handle drachmas, but they’re also preparing for the social fallout from an exit. They’re preparing their banks and staff to handle riots and violent customers.

The paper says that Lloyds Banking Group in Britain has created a “Euro Instability Committee.” It is rumored that Goldman Sachs has set up a “War Room” at its London offices called “Room 17″—named after the 17 members of the eurozone.

Now banks are spending their money and resources to make plans in case of an exit. This is just another sign that the eurocrisis is about to explode. Watch it closely: That explosion will change Europe, and the world.

Full article: Flashback: German Paper: Banks Getting Ready for Greece to Leave Euro (The Trumpet)

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