Behind the scenes, FX industry prepares for euro break-up
LONDON (Reuters) - Before the euro’s launch in January 1999, the Bank of England issued a 110-page plan - everything from settlement timetables to roadworks on the big day - to ensure a smooth introduction of the common currency in the world’s largest financial centre.
Fast forward to 2012 and banks and brokerages in London are quietly preparing for a more unpredictable but potentially more destabilizing event - the possible break-up of the euro.