We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

Debate House Prices


In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

So, the bank run in Greece has started

The_White_Horse
The_White_Horse Posts: 3,315 Forumite
in Debate House Prices & the Economy
can't say I blame them. Better to have a pile of Euro's under the bed than be left with a load of devalued drachmas one Monday morning.
«1

Comments

  • MrRee_2
    MrRee_2 Posts: 2,389 Forumite
    Indeed .... I wouldn't want Drachmas in the Bank!!

    Next is the Spanish Banks ...... I wouldn't want ant Foreign accounts at the moment, I saw Iceland walk away from 'guarantees' and my lifes savings with them!!

    I will not put myself through that again ....
    Bringing Happiness where there is Gloom!
  • The_White_Horse
    The_White_Horse Posts: 3,315 Forumite
    If you have less than 50k, put in all in an English bank imo. If you have more, you can spread the risk a bit. Maybe some in dollars may not be that stupid at the moment.
  • DpchMd
    DpchMd Posts: 540 Forumite
    So where are all the pictures of the queues? The panic?
    "Beware of little expenses. A small leak will sink a great ship." - Benjamin Franklin
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Just been reported on BBC 5 Live. Didn't quite catch the figures though that were being withdrawn. Heard "billion" but that was about it.
  • brit1234
    brit1234 Posts: 5,385 Forumite
    The_White_Horse wrote: »
    If you have less than 50k, put in all in an English bank imo. If you have more, you can spread the risk a bit. Maybe some in dollars may not be that stupid at the moment.

    Its £85K at the moment, increased from £50k. However I may split my money between 2 just to make sure.
    :exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.

    Save our Savers
  • DpchMd
    DpchMd Posts: 540 Forumite
    brit1234 wrote: »
    Its £85K at the moment, increased from £50k. However I may split my money between 2 just to make sure.

    I see what you did there.
    "Beware of little expenses. A small leak will sink a great ship." - Benjamin Franklin
  • The_White_Horse
    The_White_Horse Posts: 3,315 Forumite
    DpchMd wrote: »
    So where are all the pictures of the queues? The panic?

    http://worldnews.msnbc.msn.com/_news/2012/05/16/11729795-greeks-withdraw-894-million-in-a-day-is-this-beginning-of-a-run-on-banks?lite
  • luvpump
    luvpump Posts: 1,621 Forumite
    Part of the Furniture Combo Breaker
    The_White_Horse wrote: »
    can't say I blame them. Better to have a pile of Euro's under the bed than be left with a load of devalued drachmas one Monday morning.

    Not quite a "Run" just yet, its a lot less than our own Northern Rock from a few years ago, . 0.75 compared to 5% respectively, apparently
  • luvpump
    luvpump Posts: 1,621 Forumite
    Part of the Furniture Combo Breaker
    brit1234 wrote: »
    Its £85K at the moment, increased from £50k. However I may split my money between 2 just to make sure.
    100k in EURO'S , but as the value of the euro changes, so will the compensation, i think ??
  • wymondham
    wymondham Posts: 6,356 Forumite
    Part of the Furniture 1,000 Posts Photogenic Mortgage-free Glee!
    It must be big news as even CNN are reporting it (albeit the london office!)
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354K Banking & Borrowing
  • 254.3K Reduce Debt & Boost Income
  • 455.3K Spending & Discounts
  • 247K Work, Benefits & Business
  • 603.7K Mortgages, Homes & Bills
  • 178.3K Life & Family
  • 261.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture