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BBA statement on Irish guarantee

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  • BBA statement on Irish guarantee

    We are taking up with the Irish government its moves to guarantee bank deposits as this has distorted competition

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  • #2
    Re: BBA statement on Irish guarantee

    bahhh humbugs

    You have to split your money, now into £50k chunks, (oh to be in that position lol) between banks with no assosciation to one another - which is getting considerably harder. So yep if you can put it all in one irish bank and it be guaranteed safe I'd do that.
    #staysafestayhome

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    • #3
      Re: BBA statement on Irish guarantee

      I am an Irish citizen and I am shocked that our nation is now exposed to €400bn plus of bank liabilities, that the banks themselves chose to take on (Report, October 1). I am shocked that this has been done with no democratic debate beforehand and without the terms and conditions being settled and made public. Are we going to be guaranteeing the banks' profits too? Will the executives still get their bonuses?
      This guarantee represents an exposure of approximately €100,000 for every person in the state. It will also affect the credit rating, and therefore the cost, of Irish government bonds, adding another burden to the Irish citizen.
      Tom Conroy
      Dublin, Ireland
      ....................
      #staysafestayhome

      Any support I provide is offered without liability, if you are unsure please seek professional legal guidance.

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      • #4
        Irish bank scheme to become law

        The Irish government's decision to guarantee all deposits in the country's banks is expected to become law later.

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        • #5
          Savers dash for Irish safe haven as Brown is urged to match Dublin with blanket guara

          Families have been scrambling to get their cash into 'safe havens' as Gordon Brown faced growing pressure to offer banks a blanket guarantee against economic turmoil.

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          • #6
            'No advantage' for Irish bankers

            Irish banks will not unfairly benefit from the 100% savings guarantee scheme, a finance ministry source tells the BBC.

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            • #7
              Re: 'No advantage' for Irish bankers

              In a previous statement form the lovely Angela Knight she said (not a direct quote)

              96% customers are covered by the £35,000 limit and only an additional 2% would be covered by the new £50,000
              Therefore, only 2% would be covered by unlimited guarantee and there shouldn`t be much `competition` conflict.
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