1. anne

    I wonder why people don’t borrow from banks in the EU?
    Is it a very difficult thing to do?
    Maybe interest rates would be more favourable or fixed terms better?


    • Karl Deeter

      The main reason is that banks won’t lend outside of their jurisdiction (in general) because of the limited recourse they’d face or the barriers to recourse should they need to repossess. In particular in Ireland this process is very drawn out. So a bank would either move here and start lending or not lend at all (typically, of course, someday that can change).

Leave a Comment

Awesome! You've decided to leave a comment. Please keep in mind that comments are moderated.