Hello,
I am currently trying to weigh up whether it would be better to transfer my savings to a UK Sterling account or a German Euro account.
One thought that crossed my mind was that in the event of a eurozone breakup, when it came time for the German government to convert all euros in the countrys bank accounts what would be there to stop them only converting RESIDENT / Corporate Accounts to the new Deutchemark and converting all NON RESIDENT funds to the new currency of the country of origin on the account?
I can imagine at the moment that German banks are bulging at the seams with foreign money.
If this were the case, i could end up back where i would be by taking no action, i.e. with a pot of devalued "new" PUNTS.
Would anyone venture an opinion on whether this is plausible or not?
Regards.
APPD.
I am currently trying to weigh up whether it would be better to transfer my savings to a UK Sterling account or a German Euro account.
One thought that crossed my mind was that in the event of a eurozone breakup, when it came time for the German government to convert all euros in the countrys bank accounts what would be there to stop them only converting RESIDENT / Corporate Accounts to the new Deutchemark and converting all NON RESIDENT funds to the new currency of the country of origin on the account?
I can imagine at the moment that German banks are bulging at the seams with foreign money.
If this were the case, i could end up back where i would be by taking no action, i.e. with a pot of devalued "new" PUNTS.
Would anyone venture an opinion on whether this is plausible or not?
Regards.
APPD.