What happens to investments if the euro currency fails and countries go back to their own currency?

If I had an investment of 500000 euro would it lose value if Ireland went back to it's own currency?|||Right now i am afraid that Ireland's currency wouldn't be wanted much I don't recall what they called it but you say "Ireland"


If you're sort of lucky they might have been using dollars and that might work out better for you.


I would e-mail a currency specialist in a big newspaper or magazine that might give you a more proficient answer.





good Luck.|||It depends on what the investment is. If it's a government or corporate bond, then it would be translated to the new (old) currency and rapidly lose value as the new currency is inflated to cancel out the unsustainable debt. It it's shares in a company with real assets like factories and such, then it's an open question whether you gain or lose in such a case.





Many sources I read are expecting a Euro split. The PIGS (Portugal, Ireland, Greece, Spain and maybe Italy) would revert to their old currencies while the "Northern Euro" remains in force in France, Germany, and the other countries with healthy economies.|||In reality, very little would happen; the underlying economies of Europe would not suddenly "change overnight" and would have the same strengths %26amp; weaknesses they do today; the primary effect a rejection of the Euro would have in the world at large is a flight of International investors back to the US dollar...





Don't expect Brussels to allow the Euro to fail any time soon, however; a unified European economy is the only hope Europe has to survive %26amp; prosper in the future world economy as the dollar is eventually challenged by the Yuan or 'Renminbi'...





BTW, if you had 鈧?00,000 in cash that would be INSANE, since cash just "sits there" and earns nothing more than maybe a percentage point or two, which is lower than inflation so you'd actually be LOSING money!