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1
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1answer
201 views

Where can I place my savings in to limit my exposure to the risk of European bank failures and sovereign debt defaults?

After looking at this stunning Euro Zone Bank Stress Test tool provided by Reuters, I see the danger and the hight level of interconnections that exists among Banks in EU. The actual scenario ...
4
votes
2answers
247 views

What are the risks of euro deposit accounts in Greek and Cypriot banks?

What is the risk of having 100k euro in accounts in Greek banks and Cypriot banks? Is there a guarantee? I assume that the state guarantee for deposits doesn't hold when a country defaults.
9
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7answers
3k views

If the U.S. defaults on its debt, what will happen to my bank money? [closed]

Will I still be able to withdraw from my bank account if the U.S. defaults?
4
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2answers
157 views

Would the effects of an anticipated default by a nation be mostly symbolic?

Given that the whole Greece saga has played out for a few years now -- and that most speculation is that Greece will default at some point -- if they finally do default, will it be mostly symbolic? ...
2
votes
3answers
680 views

What effect would sovereign default of a European country have on personal debt or a mortgage?

What effect would sovereign default of a European country have on personal debt, especially a mortgage?
30
votes
8answers
14k views

What happens to my savings if my country defaults or restructures its debt?

I live in a eurozone country that a lot of people think will soon default or restructure its debt. My family has a savings account in a bank here. A similar question has been asked before, but it ...