BRITAIN: Treasury Plans For Euro Failure. “The Government is considering plans to restrict the flow of money in and out of Britain to protect the economy in the event of a full-blown euro break-up.” Good grief. And this inspires confidence: “Britain’s response to the possible break up of the euro would reflect measures taken by Argentina when it dropped the dollar peg in 2002, according to sources.”

If I were British, I’d be trying to move some money offshore now.