Irish banks no longer covered by compensation scheme | Money | guardian.co.uk

the brits are returning the serve for the guarantee which nearly shut their banks down. They have even sent letters out to all depositors with their post office and banks like anglo. [ their post office is owned by bank of ireland]

The shows over lads, all we are witnessing [ in my opinion] today and for the next few weeks is how can fianna fail get their business and builder friends debt wiped clean without having another 20 years of tribunals.

Nothing changed. They are just reminding customers of the rules.

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NAMA: Mortgaging our future to pay for the past.

and may be reckless and irresponsible in the current climate IMHO

I'll change it now

Your post makes no sense. Can you explain it in English please?

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Woop Woop

I disagree

'Customers with Anglo Irish Bank and the Post Office, which offers accounts provided by the Bank of Ireland, have this week received letters telling them that if their bank collapses they will be entirely reliant on the Irish government for compensation'

'The move has led to an outcry among UK savers who, in some cases, have been trying to get their money out of the Republic. They have questioned whether they want their money in a country whose economy looks even more shaky than that of the UK.'

Ireland and the IMF are mentioned in the same breathe. We will have british savers flocking out of irish banks from now on in my opinion.

Maybe my english is crap but from what i can see is that, there will be a run on irish banks with regards to british savers with irish institutions.

The fianna fail thing is only my opinion but hardly a conspiracy theory to suggest that some of the leaders of fianna fail could be involved in mass corruption.

Under EU rules, a UK account is guarenteed up to the standard amount of the country where the bank is registered. The UK will guarentee any amount above that up to their guarentee amount. As we provide a higher guarentee, the UK FSA is not involved.

Its a badly researched article. Nothing has actually changed.

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NAMA: Mortgaging our future to pay for the past.

Is the title of this thread misleading ? Are bank deposits with Irish institutions still 100% guaranteed by the Irish government ?

I don't think anything in the article is inaccurate. Originally our guarantee was set at the EU minimum of €20k, so the UK FSA differential rules (guaranteeing deposit excesses up to their limit) would have applied. No that Ireland has the higher limit, they are reminding depositers of the fact that the UK FSA now has no involvemet in guaranteeing their savings.

Just reporting the news that account holders have been written to. Nothing badly researched.

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