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Anglo Irish Bank stuck in peat bog?
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What it means is that if the UK scheme covered a larger sum than the Irish one, the FSCS would top-up any compensation coming from the Irish scheme. It does not mean that if Ireland can't pay, the UK will step in to cover everything.Does this not mean we would be covered by the UK scheme as well as Ireland's?
When Icesave went bust and Iceland was unable to pay compensation through its own scheme, the Government stepped in to cover everyones deposits. However, it cannot be relied upon to do the same in future.0
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