serotoninsid
Registered User
- Messages
- 1,754
You'd hope after 6-7 years of this "crisis" that depositors wont loose money at this stage.
Read on another board someones suggestion that when the ECB stress tests are carried out later this year, there is potential for a bail-in and deposit haircut to follow.
Secondly, Damien Kiberd is suggesting that the only way to get IRL INC. back on its feet may still be dropping out of the euro => LINK.
Far from knowledgeable on the subject - but for that very reason, asking the question. So these banks won't need an infusion of cash? Can I leave my (modest but very hard earned...) savings on deposit without fear?There is no magic involved in calculating T1 ratios, so what event has occurred in the last 12 months that would cause Irish banks to fall from being in the top flight (on paper, which is all that counts in this exercise)
Wow? The IR£ would appreciate? I thought the whole idea of taking that option was to allow the opportunity to devalue it - and make us more competitive - and in that way, get the economy rolling again?Positive stories on the economy do not sell papers! The only credible research on this idea that I've seen comes from internal Credit Suisse report and their conclusion was that an Irish Punt and a D-Mark would appreciate by about 20% over the current Euro! Clearly this would have a major impact on exports for both countries and have a major impact on their economies. This is not surprising really since the curreny of net exporters rises as a matter of course.
yes you will be covered for up to €100,000 by the Deposit Guarantee Scheme, even in the unlikely scenario that Irish depositers are hit.Can I leave my (modest but very hard earned...) savings on deposit without fear?
Far from knowledgeable on the subject - but for that very reason, asking the question. So these banks won't need an infusion of cash? Can I leave my (modest but very hard earned...) savings on deposit without fear?
Wow? The IR£ would appreciate? I thought the whole idea of taking that option was to allow the opportunity to devalue it - and make us more competitive - and in that way, get the economy rolling again?
I assumed that if overnight we switched to our own currency, we'd probably lose 20% value?
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