Slope of Hope Blog Posts

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US Companies prepare for Greek Exit from Euro

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Did anyone really think Austerity would work?

In this New York Times article US companies reveal contingency plans for the inevitable removal of Greece from the Eurozone

Even as Greece desperately tries to avoid defaulting on its debt, Amerrican companies are preparing for what was once unthinkable: that Greece could soon be forced to leave the euro zone.   
Greece-exit-euro

Bank of America Merrill Lynch has looked into filling trucks with cash and sending them over the Greek border so clients can continue to pay local employees and suppliers in the event money is unavailable. Ford has configured its computer systems so they will be able to immediately handle a new Greek currency.

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