Given the difficulty in having to travel to set up Deposit A/C with German Bank - what about the option of buying German Govt Bonds thro your stockbroker.
In the event of break up of the Euro, or a default by Irish Govt on sovereign or bank debt - would holding German Govt bonds achieve everything that a German deposit A/C would achieve, in terms of security of your money, money being in a strong economy if there is a two tier Euro, the same conversion to Dmarks if the Euro folds.
Is there any extra downside to German Govt bonds versus German deposit A/C.
For diversification you could split your money into Govt bonds in France, Netherlands, Luxemburg.
Any views on this appreciated.
In the event of break up of the Euro, or a default by Irish Govt on sovereign or bank debt - would holding German Govt bonds achieve everything that a German deposit A/C would achieve, in terms of security of your money, money being in a strong economy if there is a two tier Euro, the same conversion to Dmarks if the Euro folds.
Is there any extra downside to German Govt bonds versus German deposit A/C.
For diversification you could split your money into Govt bonds in France, Netherlands, Luxemburg.
Any views on this appreciated.