What now for Irish Nationwide

[z101]

With Walsh legging it what does that mean for the condition Irish Nationwide?? Should deposit holders be worried?

 

[MissSherry]

With Walsh legging it what does that mean for the condition Irish Nationwide?? Should deposit holders be worried?

I'm wondering that too on another thread:
http://www.askaboutmoney.com/showthread.php?t=105208

 

[z109]

Aside from the governments deposit protection scheme, the ECB exists as the lender of last resort to provide liquidity funding to cope with a run on a bank. As long as we are in the euro, you have little to worry about.

 

[MissSherry]

So you're saying we'd be bailed out by Europe if the Irish Govt couldn't in reality repay our deposits?

 

[z109]

If there was a run on the banks, the ECB *should* stand in to provide liquidity in return for assets until confidence returns...

Vote yes for Lisbon II...

 

[MissSherry]

If there was a run on the banks, the ECB *should* stand in to provide liquidity in return for assets until confidence returns...

Vote yes for Lisbon II...

I hear ya.

 

[extopia]

Which clause in the treaty specifies this?

 

[crabbybear]

If the government had to bail INBS out, would there be a payment to members?

 

[Brendan Burgess]

discussed extensively elsewhere