Re: Re: Do they now something we don’t

#111308

angie
Spectator

I think the most significant point here is that IAG the parent company have pulled nearly all of their deposits out of Spanish Banks having already done the same out of Irish and Italian Banks. Clearly they don’t want their Club Med and Irish Euros to be worth less than German Euros or nothing at all. Maybe the break up or exit of some countries is near, one thing it’s likely to come when least expected methinks.

If that doesn’t focus the minds of anyone with large Euro deposits in countries like Spain then nothing will, one would have to have cojones of steel to leave large amounts on deposit in Club Med Banks. 🙄