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> This way, isn't money (up to 100k euros) considered safe in your view? Not if they're in a greek account, for sure. They're better off in an account in a nor
by mseebach 11y ago
> This way, isn't money (up to 100k euros) considered safe in your view?
Not if they're in a greek account, for sure. They're better off in an account in a north-western EU country, but the Euro may still fail catastrophically.
Anyway, it's not about weighing risks, the GP was making a rhetorical point about being perfectly safe. Nothing is perfectly safe. For anything less that €100k, a bank account is a very safe place, and you can probably get a savings account that tracks reasonably closely to inflation. But it's not "making just a bit of a money while taking zero risk", it's "possibly breaking even with inflation, while taking microscopic risk". Unless you're only holding the money for a very short period of time, you're almost certainly better off sticking it in an investment vehicle with an acceptable (non-zero) risk profile.