EUROS in offshore accounts


+1

You may want to look at keeping your holdings outside the euro (and eurozone banks) altogether until this current storm runs its course.

There is always a risk with this sort of thing - what is the euro were to suddenly rapidly appreciate against the USD, GBP, or whatever? Against that you need to balance the risk of the euro continuing to fall in value, or even breaking up completely.
 
Sounds like the answer to Ireland's problem , I know we've no idea where it would lead too, but it our banking debt is turned to punts which inflates away as well as the negative equity that a lot Of people are saddled. With
Our exports get more competitive and imports more expensive
So maybe it is time for everyone to start purchasing dollars and sterling etc and buying a safe
 

There was a good article in the SIndo last week on just that point.
 
Fair play Potnoodler for pointing out the rising cost of imports, that makes you far more intelligent than the majority of economic "experts" and commentators in the Media. What most people don't realise is the extent of price increases in Ireland due to a devaluation. Everything would go up in price because oil and gas would cost more, along with bananas, oranges, computers, cars, machinery, agricultural equipment, building equipment, coal, medical equipment, plastics, chemicals, planes, medications.
It would be a total disaster!
 
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