Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi all! We have been experiencing an issue on site where threads have been missing the latest postings. The platform host Vanilla are working on this issue. A workaround that has been used by some is to navigate back from 1 to 10+ pages to re-sync the thread and this will then show the latest posts. Thanks, Mike.
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

What happens to peoples savings if the euro zone collasped and the euro was no more

  • 07-10-2019 11:39pm
    #1
    ezra160192
    Registered Users Posts: 21 ✭


    Are your current savings just converted( didnt that happen to peoples savings when we joined the euro) or do you pretty much lose everything?


Comments

  • #2
    K.Flyer
    Registered Users, Registered Users 2 Posts: 8,565 ✭✭✭K.Flyer


    ezra160192 wrote: »
    Are your current savings just converted( didnt that happen to peoples savings when we joined the euro) or do you pretty much lose everything?

    Whatever monies that were held in accounts were automatically converted to Euro at a rate of €1 = IR£0.787564.
    So, in theory, if the Euro currency was to cease to exist, we should convert back to IR£ at the same rate.


  • #3
    Jim2007
    Moderators, Business & Finance Moderators Posts: 10,423 Mod ✭✭✭✭Jim2007


    ezra160192 wrote: »
    Are your current savings just converted( didnt that happen to peoples savings when we joined the euro) or do you pretty much lose everything?

    Nothing will happen, apart from the collapse of the entire financial world and all will be lost. There will be nothing to covert it to.


  • #4
    JMMCapital
    Registered Users, Registered Users 2 Posts: 373 ✭✭JMMCapital


    People will go back to the Barter system?


Advertisement