Greetings all,
I am a new user and had a hypothetical question. I know nobody can predict the future, and I know any opinions are just opinions and not advice etc etc, but its just a hypothetical.
If Joe Soap had 100k in Ulsterbank on a demand deposit account and Ireland decides (or is forced) to default on the bailout..
1. Would Joes money be frozen and seized as a state asset? Or would it be unaffected as its in a private non state owned bank. Didn't depositors in Argentina have their private accounts frozen? and/or seized?
2. If Ireland left the Euro (is that even possible?) would Euros owned by all Irish citizens in banks operating in IReland be suddenly converted to punt?
Ok I know nobody can definitively answer these Hypothetical but people like Joe are probably thrawling through the posts and cannot find the above in plain speak (as he is a total noob). (plus the media is so unreliable and seems to get off on scare mongering and doom selling)
I am a new user and had a hypothetical question. I know nobody can predict the future, and I know any opinions are just opinions and not advice etc etc, but its just a hypothetical.
If Joe Soap had 100k in Ulsterbank on a demand deposit account and Ireland decides (or is forced) to default on the bailout..
1. Would Joes money be frozen and seized as a state asset? Or would it be unaffected as its in a private non state owned bank. Didn't depositors in Argentina have their private accounts frozen? and/or seized?
2. If Ireland left the Euro (is that even possible?) would Euros owned by all Irish citizens in banks operating in IReland be suddenly converted to punt?
Ok I know nobody can definitively answer these Hypothetical but people like Joe are probably thrawling through the posts and cannot find the above in plain speak (as he is a total noob). (plus the media is so unreliable and seems to get off on scare mongering and doom selling)