planning for the Slovenian euro crisis
#1
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Location: Salisbury UK and Mojstrana Slovenia
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planning for the Slovenian euro crisis
Hi,
Does anybody have any good ideas on how to plan for the inevitable bailout which is coming Slovenia's way. I have already reduced the amount of euros in my Bank account over there and when I drive over later this month I will be taking German Euros only from England.
Selling the house and abandoning Slovenia is not an option I want to go down.
CM
Does anybody have any good ideas on how to plan for the inevitable bailout which is coming Slovenia's way. I have already reduced the amount of euros in my Bank account over there and when I drive over later this month I will be taking German Euros only from England.
Selling the house and abandoning Slovenia is not an option I want to go down.
CM
#2
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Joined: Jan 2013
Posts: 135
Re: planning for the Slovenian euro crisis
We keep only enough Euros in our Slovenian account to be able to pay our monthly direct debits for the bills.
I can't see a one off tax such as that originally mooted in Cyprus would be levied on lower balances.
We don't want to give up our place either and we'll ride it out here in the UK till it blows over. It'll be painful but life goes on
I can't see a one off tax such as that originally mooted in Cyprus would be levied on lower balances.
We don't want to give up our place either and we'll ride it out here in the UK till it blows over. It'll be painful but life goes on
#3
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Location: Haloze
Posts: 185
Re: planning for the Slovenian euro crisis
Hi,
Does anybody have any good ideas on how to plan for the inevitable bailout which is coming Slovenia's way. I have already reduced the amount of euros in my Bank account over there and when I drive over later this month I will be taking German Euros only from England.
Selling the house and abandoning Slovenia is not an option I want to go down.
CM
Does anybody have any good ideas on how to plan for the inevitable bailout which is coming Slovenia's way. I have already reduced the amount of euros in my Bank account over there and when I drive over later this month I will be taking German Euros only from England.
Selling the house and abandoning Slovenia is not an option I want to go down.
CM
We are the same, we always knew we would not be staying here for ever, but what to do.. Sell everything and run, run where?? Or take our chances...
It could be that a lot of the Euro zone countries in trouble get the chop. There is talk of Irelands banks needing another bail-out. The Euro Zone appears to bankrupt. I don't want to end up in with our money trapped in one country
#4
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Re: planning for the Slovenian euro crisis
24digital24 - I think I need a new more zippy marketing or on line name, M & G or G & M doesn't seem to hack it these days. Suggestions of a printable kind appreciated.
Anyway 24 24 assume you know Roy and Justy ?? And is the restaurant in Dovje any good?
Better get rid of any 500 Euro notes. I used to have some and they never changed them in restaurants & bars and said pay another day - how can one be critical of this currency and country that allows that? Get rid and keep the minimum is my advice.
Noallnonowt ? Better?
Anyway 24 24 assume you know Roy and Justy ?? And is the restaurant in Dovje any good?
Better get rid of any 500 Euro notes. I used to have some and they never changed them in restaurants & bars and said pay another day - how can one be critical of this currency and country that allows that? Get rid and keep the minimum is my advice.
Noallnonowt ? Better?
#5
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Re: planning for the Slovenian euro crisis
I personally know a couple of Brits now living in Cyprus and they feel a bit more optimistic that things will soon settle. They advise keeping an eye on your balance if you could stray over that £85,000 (roughly €100,000 for arguments sake) and make sure you move money around if you get close to it.
For those permanently in Slo with larger amounts of money deposited in banks I agree with M&G, split it into different places.
Those really concerned should perhaps keep an eye on the Cyprus forums on this website - they're going through it after all - I have a feeling that the Cyprus solution was what we can expect in the future if other countries need a bail out, however, although most analysts say Slovenia is likely to need a bail out, I also read repeatedly that Slovenia's finances don't involve figures anything like those in Cyprus, the economy of which was hard hit because of its strong links with Greece.
I also read today that there are moves a foot to alert customers if their balance is ging to exceed that £85,000 threshold so they can take whatever action they think best.
For those permanently in Slo with larger amounts of money deposited in banks I agree with M&G, split it into different places.
Those really concerned should perhaps keep an eye on the Cyprus forums on this website - they're going through it after all - I have a feeling that the Cyprus solution was what we can expect in the future if other countries need a bail out, however, although most analysts say Slovenia is likely to need a bail out, I also read repeatedly that Slovenia's finances don't involve figures anything like those in Cyprus, the economy of which was hard hit because of its strong links with Greece.
I also read today that there are moves a foot to alert customers if their balance is ging to exceed that £85,000 threshold so they can take whatever action they think best.
#6
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Location: Salisbury UK and Mojstrana Slovenia
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Re: planning for the Slovenian euro crisis
Thank you for all your good ideas. I will read the comments in the Cyprus forum and avoiding those big notes. I belive they are now illegal in England.
Is it easy to open an Austrian Bank account? As far as I can remember you have to jump through several hoops when opening a Slovenian Bank account.
I have made good friends with some of the local Slovenians, but have normally been to busy working on the house to explore to far from my gate in case I get lost. I hope to do this when I retire hopefully in about 3 years time! Then its time to be living the dream.
CM
Is it easy to open an Austrian Bank account? As far as I can remember you have to jump through several hoops when opening a Slovenian Bank account.
I have made good friends with some of the local Slovenians, but have normally been to busy working on the house to explore to far from my gate in case I get lost. I hope to do this when I retire hopefully in about 3 years time! Then its time to be living the dream.
CM
#7
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Posts: 52
Re: planning for the Slovenian euro crisis
"Be Fearful When Others Are Greedy and Greedy When Others Are Fearful"
A quote by a well known chap. If everyone is selling out of Slovenia look to bag a bargain. Just think long term.
Don't panic!
A quote by a well known chap. If everyone is selling out of Slovenia look to bag a bargain. Just think long term.
Don't panic!
#8
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Posts: 124
Re: planning for the Slovenian euro crisis
Digital - Roy and Justy are infact at the bottom of your garden gate. He tries to talk Slovenian with a scouse accent....nextto the chicken restaurant.
Good luckwith the the bank issue.
M
Good luckwith the the bank issue.
M
#9
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Re: planning for the Slovenian euro crisis
I don't know about opening an Austrian account but when we opened our Slo account we enquired at the bank, were told to go round the corner to get an Emso number, came back with that and opened the account. We hadn't even decided which property to buy at that point so used our English address. Easy. Easier in fact that opening a UK account
#10
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Re: planning for the Slovenian euro crisis
I am probably being a bit dim (the economy isn't really my subject, but give me a spelling question and I come into my own) but why German Euros?
I think I know but not sure - I heard when Cyprus was all of a tizzy that a Cypriot Euro isn't worth the same as another Euro. So if Slovenia had to pull out of the Euro, Slovenia's Euros wouldn't have the same value as other Euros. Because the country is no longer part of the Euro and therefore its coins and notes have no validity? Is that why?
#11
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Re: planning for the Slovenian euro crisis
I am probably being a bit dim (the economy isn't really my subject, but give me a spelling question and I come into my own) but why German Euros?
I think I know but not sure - I heard when Cyprus was all of a tizzy that a Cypriot Euro isn't worth the same as another Euro. So if Slovenia had to pull out of the Euro, Slovenia's Euros wouldn't have the same value as other Euros. Because the country is no longer part of the Euro and therefore its coins and notes have no validity? Is that why?
I think I know but not sure - I heard when Cyprus was all of a tizzy that a Cypriot Euro isn't worth the same as another Euro. So if Slovenia had to pull out of the Euro, Slovenia's Euros wouldn't have the same value as other Euros. Because the country is no longer part of the Euro and therefore its coins and notes have no validity? Is that why?
I fear he may be right
Maybe if I invite him here he may give us his thoughts as I don't speak this talk
#12
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Re: planning for the Slovenian euro crisis
24digital24 I have no idea how to open a Austrian bank account, A online search may help.
#13
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Re: planning for the Slovenian euro crisis
Presumably only for larger balances?
I think it'll be worth having some cash available as one of the problems in Cyprus was that people were finding it difficult to get cash from the machines, the banks were closed and credit card transactions were limited to a certain amount. It became a cash economy but it was almost impossible to lay your hands on cash
We are thinking about buying some of the hardware for our new heating system now to use up some of our cash on something we'll need later anyway.
I think it'll be worth having some cash available as one of the problems in Cyprus was that people were finding it difficult to get cash from the machines, the banks were closed and credit card transactions were limited to a certain amount. It became a cash economy but it was almost impossible to lay your hands on cash
We are thinking about buying some of the hardware for our new heating system now to use up some of our cash on something we'll need later anyway.
#14
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Re: planning for the Slovenian euro crisis
If speed cameras can push people over the edge imagine what a savings tax would do
They wouldn't do it anyway, certainly not at 100k. The only people with that kind of money in the bank, are the corrupt bastards that got the country in to this mess.
They wouldn't do it anyway, certainly not at 100k. The only people with that kind of money in the bank, are the corrupt bastards that got the country in to this mess.
#15
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Re: planning for the Slovenian euro crisis
[QUOTE=fizzytom;10653299]Presumably only for larger balances?
I think it'll be worth having some cash available as one of the problems in Cyprus was that people were finding it difficult to get cash from the machines, the banks were closed and credit card transactions were limited to a certain amount. It became a cash economy but it was almost impossible to lay your hands on cash
QUOTE]
I really hope that it will not come to anything like this. But who is to say they wont lower the bar, they seem to do what they like, who would of ever dreamed they would take money from peoples bank accounts in the first place and get away it! I just don't trust them at all..
Up until now I have stuck my head in the sand regarding this crisis hoping it would sort itself out and I could continue to live the dream in comfort biding my time but it has eaten away into our resources very quickly without a lot to show for it. Had I addressed the problem in the first place I feel we would have been in a better place financially. We don't have a lot and it scares me to think where we could end up.
My fear is, if the EU does cut out the weaker economies where will that leave us or people like us who own property and want to leave, the currency will be worth nothing.
I agree that no one here has any real money.
I think it'll be worth having some cash available as one of the problems in Cyprus was that people were finding it difficult to get cash from the machines, the banks were closed and credit card transactions were limited to a certain amount. It became a cash economy but it was almost impossible to lay your hands on cash
QUOTE]
I really hope that it will not come to anything like this. But who is to say they wont lower the bar, they seem to do what they like, who would of ever dreamed they would take money from peoples bank accounts in the first place and get away it! I just don't trust them at all..
Up until now I have stuck my head in the sand regarding this crisis hoping it would sort itself out and I could continue to live the dream in comfort biding my time but it has eaten away into our resources very quickly without a lot to show for it. Had I addressed the problem in the first place I feel we would have been in a better place financially. We don't have a lot and it scares me to think where we could end up.
My fear is, if the EU does cut out the weaker economies where will that leave us or people like us who own property and want to leave, the currency will be worth nothing.
I agree that no one here has any real money.