bank of ireland mortgages in ireland

by admin on May 6, 2010

bank of ireland mortgages in ireland
"The collapse € euros in the case of Ireland, Spain and Greece out?

If Ireland withdrew from the euro, do you know what would happen bank euro deposits in Ireland in the minutes, hours, days later? Presumably they would lose much of its value. So if a business has to deposit the money in the best of divesting into other currencies, securities, etc. now? What about the loans have to be denominated in euros, how are the management to repay Icelandic loans in euro if this is the case. If 1 € = 2 pounds, which is what the market might do, how could anyone pay your mortgage? Can you recommend sites etc where would information about this, because I can not find any decent. And I think that could only happen

Do not wait I pull out (which could make for a stronger Euro as the country least affected by budget problems).

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