B
bbsrs
Guest
Excuse me if this is the wrong forum, In the event of the failure of the EURO which seems to be more likely with every passing week what would happen to mortgage balances if we reverted to the Punt .
Would it be a 1 euro to 1 punt swop for any outstanding balance?
and the same with all money in bank accounts ?
What interest rate would trackers then follow if the ECB bank was no longer active seeing as it was set up in '98 to facilitate the EURO?
How might it all work ?
If someone thought the euro was going to fail what country would it be best to trasfer your savings to in advance of the Punts reintroduction. Germany or somewhere outside the eurozone?
Thanks.
Would it be a 1 euro to 1 punt swop for any outstanding balance?
and the same with all money in bank accounts ?
What interest rate would trackers then follow if the ECB bank was no longer active seeing as it was set up in '98 to facilitate the EURO?
How might it all work ?
If someone thought the euro was going to fail what country would it be best to trasfer your savings to in advance of the Punts reintroduction. Germany or somewhere outside the eurozone?
Thanks.