Committee for the Republic of Canada Comité pour la République du Canada

All sections / Les rubriques : News / Brèves Editorials / Editoriaux Writings of LaRouche / Ecrits de LaRouche Leaflets / Tracts Activities / Activités Productive credit / Crédit productif NAWAPA & Arctic development / NAWAPA & développement de l'Arctique The World Landbridge / Le Pont terrestre mondial Man's Destiny in the Solar System / Le destin spatial de l'Humanité The Classical Revolution / La Révolution classique History / Histoire British Imperialism / L'Impérialisme britannique The Neo-Malthusian Genocide / Le génocide néomalthusien Book Reviews / Critiques de livre Latest items / Derniers articles : Letter of Congratulation to US Sen. Tom Harkin, from Founder of Southeast Asia Water and Power Alliance, Laos European Parliament Member Writes Harkin, ’We Need a Glass-Steagall Solution’ Finance Watch renouvelle son appel pour une séparation bancaire Canadian Parliament Passes Royalist Anti-Water Law North American Cattle Belt Disintegrating as High Plains Dries Up without Glass-Steagall, Pre-NAWAPA XXI Friday International Webcast with Lyndon LaRouche Obama Admits Murder, Delivers ’New Policy’ of Lies Weekly Report Wealthy Obama and Party Backers Say, To Hell with Jobs ’Senate-gate’: Minister Baird becomes the government lightning rod during heated question period in the House of Commons Le Pape François défend le rôle de l’État contre la dictature des marchés Anti-Euro Brawl Breaks Out in Spain US Fed Money-printing Is Salvaging London/European Banks and Securities — Again Les candidats de S&P en première ligne pour défendre le Glass-Steagall Nature journal publishes researchers’ analysis of water found deep in the Canadian Precambrian Shield said to be at least 1.5 billion years old

News / Brèves / Bank of England Preparing for Euro Collapse 30 May 2012 Her Majesty’s Bank of England is preparing for the collapse of the Eurozone. Robert Winnett of the Daily Telegraph reports that the Bank of England has drafted contingency plans for such a collapse, including possible cuts in interest rates and another round of quantitative easing. Winnett cites an unnamed senior official at the Bank of England saying that the bank is prepared to "again play their part in mitigating the impact" of Greece or other countries exiting from the Eurozone. The Bank of England has already completed £325 billion worth of QE and is ready for another round if necessary. This follows the meeting with Prime Minister David Cameron, Bank of England Governor Sir Melvyn King, Lord Turner of the Financial Services Authority, and the Chancellor of the Exchequer George Osborne. Other measures include asking banks to insure their holdings in Greece. Ben Broadbent, of the Bank of England Monetary Policy Committee, said, "Were the still unlikely worst case risks in the euro area actually to be realized, then our own monetary policy would again play its part in mitigating the impact."