Alan Robert
Registered User
- Messages
- 38
Did any depositors loose their money in Greece after the bailout? Can we expect a similar outcome?
Greek banks were solvent prior to the state bail out, Irish banks are not, so we are in uncharted water here.
I am in the same boat with lump of money in Savings Certs. Am getting a little bit jittery about it. Apart from Keytrade/Nationwide(UK)/Rabo what other banks operating under anything other than the Irish Deposit Guarantee are available to us.
+1. Have about 4K in An Post, should I move it ? and if so to where ?
I think it could be time to head for Sterling in a Northern Account. UK won't default as they will just open up the prinitng presses. Yes this will depreciate my savings relative to euro but not only do I feel saver but if we follow Portugal and left the Euro the devaluation of the punt would be brutal. I'd happily hold my money in sterling and as it appreciates against the punt i'll change it back as and when I need it to cover my living expenses.
Think that's what i'll do.