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Lloyd’s of London Preparing for Euro Collapse
5/28/2012 5:22:57 AM
Lloyd’s of London Preparing for Euro Collapse

Richard Ward said the London market had put in place a contingency plan to switch euro underwriting to multi-currency settlement if Greece abandoned the euro.

In an interview with The Sunday Telegraph he also revealed that Lloyd's could have to take writedowns on its £58.9bn investment portfolio if the eurozone collapses.

http://www.blacklistednews.com/Lloyd%E2%80%99s_of_London_Preparing_for_Euro_Collapse/19685/0/38/38/Y/M.html
- - Matthew 6:33 “Keep on, then, seeking first the kingdom and his righteousness, and all these [other] things will be added to YOU. 34 So, never be anxious about the next day, for the next day will have its own anxieties. Sufficient for each day is its own badness. .. . . . http://www.presidentialfield.com/abelchat/ Jeremiah 33: 3 ‘Call to me, and I shall answer you and readily tell you great and incomprehensible things that you have not known.’”
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