poshnbucks

What a wonderful thing hindsight is, Here back in March all are warned of the Iceland coming a cropper nightmare, Funds were at a trickle meeting in the boardroom lets offer silly returns on outsiders money......Result here come the Brits.............No wonder my council tax was over 2 grand a year




http://www.thisismoney.co.uk/investi...7&in_page_id=3


Update.

http://www.thisismoney.co.uk/saving-...3&in_page_id=7

Dick Dasterdly

The prospects of affected UK councils salvaging their savings seem fairly remote at present.
Anyone receiving their next council tax bill from one of these could be in for a real nasty shock.....

As things stand there seems to be very little chance of Iceland meeting its obligations.
However if they gave us back the cod fishing rights and maybe a hundred or so trawlers it could make a useful down-payment.
Just think fresh cod and chips again.......yummy,yummy.

Problem is the rest of the EU would all want their grubby fingers in the pie.

spanishfamily

Re the Spanish banks -I think it's only deposit and current accounts that are guaranteed. If you have been saving money in a bank's investment fund (Plan de jubilacion) for retirement, or in a savings fund for your childrens' future, then according to our bank that isn't covered by the guarantee.

Jules Europe

It`s only deposit accounts that are going to be covered by a guarantee. The big banks though like Banco Santander etc guarantee your investment anyway regardless of the amount that you have on deposit for the full 100% but its only for a maximum of one year!!! After this you will be covered by the government for a max of 100.000 euros.

jackytoo

If a Spanish bank went bust how long do you think it would take to get your money from the Government

Jules Europe

Hopefully by the end of the century At least your grandchildren could enjoy it.