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That's only what I've heard through hearsay, I am not yet sure if that is the case.  But 50k still leaves me with more to protect, at the very least 20k euro.  I am not sure where to park that.

"Schiller sprach zu Goethe, Steck in dem Arsch die Fl๖te! Goethe sagte zu Schiller, Mein Arsch ist kein Triller!"
by Jeffersonian Democrat (rzg6f@virginia.edu) on Wed Mar 24th, 2010 at 07:26:41 AM EST
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Well, the first option, as I understand it is that you can split your money between accounts at two different banks. Just make sure that the two brands are not difference faces of the same bank.
by Metatone (metatone [a|t] gmail (dot) com) on Wed Mar 24th, 2010 at 07:30:36 AM EST
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A friend of mine who has a property in France and a reasonable € deposit account in France moved most of his € balance to Norwegian Krone last year (at my suggestion),and got a better rate, plus a 10% currency gain so far.

Of course, NOK/€ could equally go the other way, but I see NOK as oe of the soundesr currencies there is for the next 10 to 20 years at least, being energy backed, and a reasonably competently managed economy.

Or alternatively there's Norway's Statoil, which pays a decent dividend on its shares, actually takes a long term view to investment, and IMHO has a floor on the share price, because the government tends to buy the shares (they are majority owners) if the price drops.

Worth  thinking about if you wish to diversify your € risk. In my view the € is not sustainable as a currency in the long term without a fiscal integration which was always going to be difficult, and which I cannot now see happening.

"The future is already here -- it's just not very evenly distributed" William Gibson

by ChrisCook (cojockathotmaildotcom) on Wed Mar 24th, 2010 at 10:09:18 AM EST
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