Isn't the banking sector in Belgium supposed to getting iffy? I also read somewhere that at least two British Banks are in a precarious position. It is hard to know what to do.
Your thoughts?
Not sure what the exact service is, but I assume it will be like an advice service on how to move money to Switzerland. There are companies like this already, but they focus on high wealth individuals. Bear in mind that Switzerland is not part of the EU, which means that any interest earned there would be liable to income tax, not DIRT.Lads what do you think of this thing with ganley about opening accounts in switzerland for worried depositors in ireland. I would be very interested provided it is not awfully expensive.
is everybody trying to sink our country even further into the abyss? moving money out of the country is going to destroy it, can no one see this? Markets run on fear and greed and we are definitely in the fear part of the cycle. I am leaving my money (€100k+) in irish bank as I believe I am contributiong to the problem by moving it. if I let fear rule me I will move it in the morning
Hi Paddyman, would you enlighten us as to which two British banks are in a precarious position.?
I am one of those who moved all his assets out of the country, and I applaud anyone who does it because (a) they are ensuring their savings are safe and (b) they are sending clear signals to politicians that the current state of affairs is not acceptable.
Well said
Can I ask where you put your savings and if you are happy with the result?
is everybody trying to sink our country even further into the abyss? moving money out of the country is going to destroy it, can no one see this? Markets run on fear and greed and we are definitely in the fear part of the cycle. I am leaving my money (€100k+) in irish bank as I believe I am contributiong to the problem by moving it. if I let fear rule me I will move it in the morning
Lads what do you think of this thing with ganley about opening accounts in switzerland for worried depositors in ireland. I would be very interested provided it is not awfully expensive.
.. I like Jonocon have not moved my money out of the country because I want Ireland to succeed and I want to help solve this problem without burdening my children. ..
I admire your sentiment but I would query your logic.
The governments present policy is to keep on borrowing, i.e. burden our children. Keep in mind they are borrowing to pay public sector salaries and social welfare rates, much higher than in other richer EU countries. Your children will pay for todays spending. This is madness and morally repulsive.
By moving your savings out of the country you reduce their ability to do this.
The patriotic thing to do may be to send your money abroad at the moment, you can bring it back and invest in this country after the default, when government policy may be on a more sustainable basis.
Chris would you mind telling me what bank in Germany you opened your account with.
Thanks Chris will have a look on previous threads.
I've split my assets between Belgium, Luxembourg and Germany, with most of my assets in Germany.