Banks are preparing for a possible euro collapse.

Banks are preparing for a possible euro collapse.

Banks around the world are preparing for the possible collapse of the euro as fears of the European debt crisis increase.


Several banks are even installing systems capable of coping with trading in old European currencies.

Meanwhile finance firms, corporations, and different governments have also turned to plans that aim at preparing them for harsh times.

Regulators have asked banks in the US and UK to provide updates on readiness levels in case of a possible euro collapse.

Some corporate firms have also started transferring their cash on a daily basis out of European countries, including debt-ridden Greece instead of once every two weeks.