Guys, the mere fact that it is being talked about should make you realise it's a distinct possibility. You will get notification in advance alright - notification that you can't transfer money out of the country any more.
Well the banks will probably all be nationalised by then, so it won't be too difficult to freeze the accounts.How exactly would they go about freezing every bank account in the country for the 12/24 months it would take to get setup for a new currency ?
Well the banks will probably all be nationalised by then, so it won't be too difficult to freeze the accounts.
I suppose that question brings us back to 'How to hols on to assets if Ireland leaves the euro'.I think the point he was making was that if all accounts are frozen how do we pay for goods or services? Do we switch to bartering overnight?
I think the point he was making was that if all accounts are frozen how do we pay for goods or services? Do we switch to bartering overnight?
I would guess that Irish Euro accounts would change to a new Irish currency overnight. How else could it happen?
The new currency would quickly become worthless.
When this happens, it'll be far too late to start moving money.
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