The planning, says Dixons chief Sebastian James, may look
alarmist but it's good to be prepared. Company
bosses around Europe agree. As the
financial crisis in Greece worsens, companies are getting ready for everything
from social unrest to the day the earth stood still also known as a complete meltdown
of the financial system.
Those preparations include sweeping cash out of Greece every
night, cutting debts, weeding out badly paying customers and readying for a
switch to a new Greek drachma if the country is forced to abandon the euro.
"Most companies are getting ready and preparing for a
Greek exit and have looked at cash, treasury, currency issues, even fall out
shelters," said Roger Bayly, a partner at advisory and accountancy firm
KPMG.
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