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Monday, September 03, 2012

U.S. Companies Conduct Fire Drills in Case Greece Exits Euro - NY Times

U.S. Companies Conduct Fire Drills in Case Greece Exits Euro - NY Times

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.
No one knows just how broad the shock waves from a Greek exit would be, but big American banks and consulting firms have also been doing a brisk business advising their corporate clients on how to prepare for a splintering of the euro zone.

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