Eddie Hobbs says non Euro accounts in Ireland not safe

Troy McClure

Frequent Poster
I read in yesterdays Sunday Times a quote from Eddie Hobbs that accounts in foreign currencies held in Ireland would be converted to 'Punt nua' in the event of a Euro breakup.
How does he know this? I remember asking investec this very question and they said they could not say for sure but doubted it. As the law stands is this a fact?
 

Gekko

Frequent Poster
In Argentina, people with (say) US$ denominated accounts couldn't access the funds.

I'm not a Hobbs fan but he's flagging a real danger here.

Safest bet is an a/c outside Ireland.
 

Troy McClure

Frequent Poster
I wonder then is there a bank outside of Ireland but in the Euro that supply foreign currency accounts to non residents.
I remember emailing a bank in Norway some time ago and was told minimum was 64K!
 

shnaek

Frequent Poster
The government has destroyed our economic future, and it is up to us as individuals to try to salvage anything we have left. We can no longer trust them.
 
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