THe idea of a depositor losing their money in the euro zone when that depositors lender of last resort is the ecb is ludicrous.
THe idea of a depositor losing their money in the euro zone when that depositors lender of last resort is the ecb is ludicrous.
1) There is a very high probability of the state defaulting/restructuring our sovereign debt.
2) Your decision. BoI are junk rated and dependent on the ECB and the state for ongoing support. There are certainly 'safer' options.
What account do you have with BoI?
To get back to the original queston, what are the "safer" options?
To get back to the original queston, what are the "safer" options?
Here are more ludicrous ideas, from the vault:
1. Property prices falling.
2. An Irish bank failing.
3. The IMF coming to Ireland.
etc...
I have some sympathy with this viewpoint. In the extremely unlikely Armageddon that is being envisaged I cannot see a situation whereby you escape simply because you moved your deposits to Rabo or indeed to some bank located externally. We are probably talking about some confiscation or wealth tax and no way will people escape simply because they withdrew funds from Irish banks. In any case I believe your 30K is as safe as housesOf course you could also be faced with the scenario where all Irish Nationals accounts were frozen within the Eurozone and put into Punt Nua if there was any problem so Rabo wouldn't save you from that.
Basically, nobody really knows despite the millions of econmic experts in the country.
The EU are not going to freeze people's bank accounts. They will use quantitative easing to devalue the currency and inflate away the debt.
UFC Can you explain this in a little more detail? cheers.
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?