[Anonymous]

Well with the little boys Ireland, Greece and Denmark all increasing the safety net to 100% and then yesterday’s news that the Germany will follow suit.

When will Zapertero act, would he ever dare to guarantee the Caja’s which he must know are in dire straight’s as the money for nothing season has ended (no pun intended…!).

[Anonymous]

ian ok

hard to see how any country can avoid it now. Why would anyone keep their money in an unsecured account if they have an alternative? Heaven know what this will lead to in Spain though?

[Anonymous]

Ian / Goodsitch,

It looks like various governments are preparing to buy large stakes in their countries banks, the intention being to get lending happening again. Not sure this will work. After all, accountants, bankers etc have been inventing rafts of ridiculous financial schemes, designed to give the appearance of financial stability – rather like an inverted pyramid. However, the pyramid is now collapsing.

Probably best to just let it go and then re-design a new banking system with proper controls and regulations.

I see the Euro is starting to slide..

[Anonymous]

@goodstich44 wrote:

Heaven know what this will lead to in Spain though?

Ah, but goodstich – Spain has come up with a ‘wicked plan’ to get loadsa money into the banks……see the latest news!! 😉

http://www.spanishpropertyinsight.com/forums/viewtopic.php?t=3668
.

[Anonymous]

@maximus wrote:

I see the Euro is starting to slide..

I knew I should have converted to Swiss Francs. 🙁

[katy]

Spain will no doubt announce an unlimited guarantee on bank savings. Whether they will pay out in your lifetime is a different matter 😆

[Anonymous]

……so Germany are now not going to guarantee 100% savings. That should stem panic for a while i would think? I still find it hard to believe many will feel safe with money in a Spanish account though. The word of Spanish law and reality?. Be afraid, be very afraid!……just my opinion of course.

[Anonymous]

Be afraid, be very afraid!……just my opinion of course.

I’m alright – I’ve only got a mortgage.

I pity all those poor sods with savings. Get a mortgage – that’s where the smart money is. 🙂

[Anonymous]

maximus

nice one, i quite agree. Much better way round!

[Anonymous]

“I pity all those poor sods with savings.”

The poor sods with savings managed to earn 11.4%/year by not buying a house in UK.
And much more by not buying a house in Spain.

[Author]

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