Central Bank of Ireland: Huge Deposit Movements in November 2010

UFC said:
In fairness, it is very easy to set up a Keytrade Belgium account, and opening a Deutsche Bank account is fairly painless (apart from having to go to Berlin, but hey, it's a nice city).
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do you believe openning an account with the likes of INVESTEC ( who are foreign owned ) offers as much security as opening an account outside the state altogether
 
@farmerette - Of course money outside the Irish state is 'safer'.

When the Central Bank of Ireland came out with the stats, I emailed the Central Bank of Ireland with questions on their deposit stats.

I was, at the time, finding it hard to get my head around the fact that 70 billion in deposits had so quickly left the country, especially given the small pool of Irish deposits. I knew money was flocking in droves from the 6 Irish banks into Rabo, NUK, Ulster and NIB but I was shocked with the stat that 70 billion in deposits had ALSO left the country. Hence, I was basically querying/confirming if the 70 billion was deposits going out of the 6 Irish banks into foreign banks in Ireland or if it was deposits going out of the country as a whole.

I know this has since been cleared up, that it is money leaving the country, but for the record here is the email from the Central Bank of Ireland to me also confirming this:

 
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