N
Sorry but option 2 is not as different from option 1 as you might think.
If the Irish banks are unable to pay their depositors and the Irish government is unable to continue to support them, it is likely that legislation will be brought in to limit the withdrawls that can be made from accounts.
This would apply to all banks operating in Ireland irrespective of any parent bank or foreign govt backing they may have
... it is likely that legislation will be brought in to limit the withdrawls that can be made from accounts.
This would apply to all banks operating in Ireland irrespective of any parent bank or foreign govt backing they may have
This would apply to all banks operating in Ireland irrespective of any parent bank or foreign govt backing they may have
I don't know what to do either. I have 95k in Anglo and am starting to get a bit worried about it. I already have my Nationwide UK account maxed out so can't move it there and there seems to be a big drop in interest to move to any other non-Irish bank, from 3.2% with Anglo to 2% with Rabo. Any other ideas?
Did this happen in Greece and Portigal when they went to EU to borrow money from.............
Would the person be able to travel to the UK to withdraw?
There's alot of questions been asked about "what happens when IMF come in", "whats happens when if we cannot borrow next year" etc etc.. Can I assume that if these happen, any Irish bank inc Anglo and AIB which are nationalized (or nearly) and An Post savings would be wiped out completely ? This does'nt seem possible, does it ?
Can you provide any reason for saying "this doesnt seem possible". I can provide several why is seems possible and even some why it seems likely
The operations in Ireland of Rabobank -Rabodirect- and Nationwide Building Society -Nationwide UK (Ireland)- are Irish banks. Their parent companies would have no obligation to reimburse Irish customers
The operations in Ireland of Rabobank -Rabodirect- and Nationwide Building Society -Nationwide UK (Ireland)- are Irish banks. Their parent companies would have no obligation to reimburse Irish customers
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?