Me and my team of elves
I find it hard to believe a team of elves could have any respect for someone shorter than them.
How much notice would people be likely to have? Would it be an overnight thing or would it be signaled weeks or months in advance? Presumably the value of the new euro would soar against the value of the punt, peseta, drachma etc, so would it be possible for people to make large cash withdrawals in euro in anticipation of the decision to avoid the devaluation? Or will the euro as it exists now cease to be used as a currency as well?
You would think there would be huge temptation on the behalf of the Germans to capitalise on the short term gains of leaving the euro as well. Their national debt would almost evaporate. It’d be rough for anyone with government bonds though.
If it were to happen it would have to happen quickly as there would be a flow of cash out of the country if people had time to take action.
when’s the next bank holiday weekend?
christmas week? you’ll need that long to sort out the logistics of it all.
you know you live in interesting times when this is now widely discussed.
any suggestions for tier 1 countries? back to the treaty of rome signatories?
Many people here move their money out of harm’s way?
all my money is tied up in german property - invested in it 5 years ago & its basically worth the same as when I put the money in - to see the euro break up & a strong DM vs a weak Punt could be the makings of me
huzzah
moved everything into either a dollar or euro a/c 2 years ago (roughly 50:50 split between both)
contemplating a third option now, NOK or CHF perhaps.
bad time to be buying CHF, ridiculously over-priced. not sure I want to be in cash at all, but property / commodities don’t seem to be any safer of a bet.
I’ve been stock piling these bad boys.
http://sweetieheaven.co.uk/images/cola bottles.jpg
When the punt went my holdings should have gone from 1p a piece to 1.27c overnight. Instead they went straight to 2c. 
In summary Cola Bottles are a great safe haven investment and tasty too.
Yep done. Cashed most of my Irish stuff in. Sitting in ZLots at the moment.
[quote=“The All Seeing Eye, post: 520038”]
all my money is tied up in german property - invested in it 5 years ago & its basically worth the same as when I put the money in - to see the euro break up & a strong DM vs a weak Punt could be the makings of me
huzzah[/quote]
:lol:
Greeks are probably stalling now waiting to see what happens in Italy. The cunts.
How hard is it to set up an account in a different currency? Would you have to set up as non-resident account somewhere else, or is it feasible to set up a sterling account here in Ireland?
BOI etc. would give you a sterling account no bother. Ulster Bank are probably the safer option.
Off the top of my head TSB used to offer $, £, CAD & AUD so I assume they are all similar.
In the old days interest used to be fairly low on these but I believe they are paying decent rates for them these days.
People should be very careful though. There is so many uncertainties in a break up of the Eurozone that there is no guarantees on anything.
Who is to say those banks will still be around after the break up either. Actual gold (not gold futures) would appear to be the best bet.
I’ve split my meagre assets roughly 50:50 between USD and Euro by accident rather than design. Can’t be bothered moving things around.
Would be delighted to see Ireland leave the Euro though and go to a very weak punt, would be the makings of me.
You can’t eat Gold
huzzah
People should be aware that if the euro breaks up and we revert to our own currency, we won’t be doing that without exchange controls, which were part of the Irish financial framework up to 1990. I’d also assume that every other country in Europe would be the same. In short while it might be nice to have your money sitting off shore in a safe economy, it might prove bloody difficult to get it back here.
I had a stg account and put most of my savings into that. Tricky enough opening overseas accounts. My stg ac is with an Irish bank. Looking at my options though. Surprised rabodirect haven’t offered a foreign currency option
Who said old people have nothing to contribute to society.
In the German crisis of the late 20’s it was illegal to hold foreign currency and anyone with it would have it confiscated.
Obviously it’d be a lot more difficult to enforce that now but who knows what’ll happen.