Tuesday, 16 November 2010

New design for Twenty Punt note?

A few months ago I heard a rumour that new plates were being prepared for security printers across Europe as the prospect of the Euro's collapse gathered probability. No doubt the Irish government has contingency plans in place to rapidly print and distribute replacement punts across the republic, though goodness knows what the swap rate will be. Anyway, I suppose I could do worse than have a little punt (snarf snarf) on De La Rue stocks; Europe's premier banknote printers are at an affordable 627 at the moment, down from a high of about 980.

  

7 comments:

Chuckles said...

Tsk, tsk. It's mandatory to note that it's called the Punt because it rhymes with bank manager.

Jackart said...

I had exactly the same thought. DLAR has had its problems, but it's an interesting situation. I suspect the political will is still there to hold the euro together.... for now

Barnacle Bill said...

Punting? You mean up the creek without a paddle, like?

Blue Eyes said...

Not sure what the "benefit" of coming out of the Euro is. The debt is still in Euros and still has to be repaid. Unless they are planning an Argentine-style default.

The outlook is bleak.

Weekend Yachtsman said...

I have a small stash of Italian lire somewhere; I knew they'd come in handy before the end.

Wrinkled Weasel said...

I don't think the Irish Government is far sighted enough to create a stash of new old money.

Besides, they are locked in and cannot get out. They have won a referendum by gerrymandering and lying and fooling a lot of people.

Sorry, but the Irish get what they (mostly) asked for.

Anonymous said...

more like a 20000 Punt note