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Have the savers not learned nothing
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bjorn_again wrote: »Shovelling money into what?0
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Small, government-owned banks are also safe, e.g. Northern Rock. The one reservation I would have is for banks owned by small countries, especially those without their own currency, e.g. nationalised Irish banks. I am not saying they are unsafe; just less safe.
The Irish banks are safer because Ireland doesn't have its own currency. Without the Euro, Ireland could easily have been the next Iceland. With the Euro, it was extremely unlikely.0 -
This is from my own personal recollection of an Newsnight program that may have been discussing a hypothetical situation. I thought the UK loaned Iceland £6 billion so they could meet their debt obligations to the UK. The Netherlands may have loaned £4 billion. The pounds could have been Euros and it all could have been my imagination. What I do remember is that it would be 20,000 pounds or Euros per citizen over a period of 8 years in Iceland.
J_B.0 -
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A thing that I find really annoying is posters who criticise another posters spelling and grammar, I just hope that you are so perfect yourselves and never make mistakes, when you are doing this do you ever consider that the poster in question may be dyslectic or perhaps English is not their first language?
Does it really matter if people are not able to write with perfection? this is a forum about savings and investments not how to write perfect English.
(FWIW I am not making my comments for or against the original poster but in general)0 -
Does it really matter if people are not able to write with perfection? this is a forum about savings and investments not how to write perfect English.
No in most cases I don't think it really matters as long as the meaning is clear. However in some cases the total lack of punctuation makes some posts very difficult to decipher as it turns into one long rambling "sentence".0 -
The Irish banks are safer because Ireland doesn't have its own currency. Without the Euro, Ireland could easily have been the next Iceland. With the Euro, it was extremely unlikely.
If you have your own currency, you can, if necessary, print money to meet your deposit guarantees. Euro-area countries cannot do that.0 -
A thing that I find really annoying is posters who criticise another posters spelling and grammar, I just hope that you are so perfect yourselves and never make mistakes, when you are doing this do you ever consider that the poster in question may be dyslectic or perhaps English is not their first language?
Does it really matter if people are not able to write with perfection? this is a forum about savings and investments not how to write perfect English.
(FWIW I am not making my comments for or against the original poster but in general)
I agree completely !!! there are far too many nasty remarks made on these forums and to be honest I quite often think I just cannot be bothered to post any more !! Its not very often I agree with nilrem0 -
Does it really matter if people are not able to write with perfection? this is a forum about savings and investments not how to write perfect English.
FWIW, I think it is important that everyone try to convey their point in a clear and concise manner, such that everyone comprehends the question/point. From subsequent posts by the OP it was clear he was having a deliberate dig a chavs, but I did bite.
Given the deliberate "mistake" by the OP who is clearly quite well educated and literate and has a very strong right arm;), I would never apologize for my go at him;)In case you hadn't already worked it out - the entire global financial system is predicated on the assumption that you're an idiot:cool:0
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