Does anyone know what will happen to our savings in the event of the euro being scrapped? I have worked my butt off all my life and have saved 100K which was supposed to help as a pension and to put kids through college and would really rather not loose it. Any help would be appreciated as nobody seems to know
Actually there have been protests in the UK by savers about Quantative Easing- money printing. Inflation in the UK is running at 5% as a result. The ECB has resisted calls to do the same. There may well be legal reasons preventing the ECB from money printing due to its inflation target mandate of 2%.
What woudl happen to money held outside of the Eurozone?I assume they will just be converted back into the new punt, assuming the Euro fails to exist in the future.
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