Listening to David Mc Williams etc and rumours of our Country going insolvent, am I foolish to have all my eggs in one basket ( ie Irish Banking instutions, except for Investec ).
I'm 40 years old and have 600K in saving deposits with many Irish Banking Instututions, including Irish Nationwide / EBS / PTSB and also 200K with Investec.
Southern Ireland is a very volatile badly managed debt ridden place.Be very weary of having such a large amount invested in such a country.Do your research on this.
Ireland is very much worse than Great Britain or Spain.Greece is bankrupt in all but name as is Ireland.The mismanagement and lies of the Irish government beggars belief.The disasterous Bank bailouts and NAMA have bankrupted Ireland.That is a fact!Are we any worse than Britain, Greece or Spain?? As long as the OP spreads his savings around numerous banks he will be covered by the government guarantee, although I would have reservations of keeping such a large amount of cash in banks, it would be very much advisable if the OP sought professional financial advise.
Ireland is very much worse than Great Britain or Spain.Greece is bankrupt in all but name as is Ireland.The mismanagement and lies of the Irish government beggars belief.The disasterous Bank bailouts and NAMA have bankrupted Ireland.That is a fact!
Ireland is very much worse than Great Britain or Spain.Greece is bankrupt in all but name as is Ireland.The mismanagement and lies of the Irish government beggars belief.The disasterous Bank bailouts and NAMA have bankrupted Ireland.That is a fact!
How is it a fact? What was the alternative? Im not sticking up for anyone here but you cant just come out with a statement like that. If they didnt do NAMA, what was the other solution, nationalise all the banks and saddle with state with more hassle? Completly ruin our international image with all domestic banks under state ownership or allowing them to go to the wall and defaulting on international investors who then would not touch Ireland with a ten foot barge poll?
By all means enlighten us with a better altenrative to NAMA, Bank bailouts etc... otherwise stop talking the country and people down, its almost like some people are happier when they have something to moan and milk it for all its worth!
Hi UFC - They are two very good questions - That is what worries me !!
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