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How will Euro woes affect us?

european currency
BBC Radio 4's Money Box
Saturday, 19 May 2012 at 1204 BST On Radio 4 and Online

It has been another couple of turbulent weeks in the Euro zone. Political uncertainty in Greece has led to fears that they may default on their debts and leave the Euro.

In Spain banks have been downgraded because of worries about their exposure to bad property debts.

In Money Box this week we ask the experts what implications this might have for people in the UK. Many of you have emailed asking whether your money is safe in Spanish owned bank Santander. What if you have property in Spain or Greece?

What are you consumer rights if you are going on holiday to a country that might become affected by the economic crisis? What will happen to UK mortgage rates if borrowing from foreign banks becomes more expensive?

We'll provide the answers on the programme this week.

Joining Paul Lewis this week -

Ralph Silva, bank analyst and managing director of SRN.

Ray Boulger, Senior Technical Manager at mortgage specialists John Charcol.

Simon Calder, independent travel writer.

Billy Burrows, annuity specialist and Director of the Better Retirement Group

Robin Haynes, Managing Director at Currency Index

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BBC Radio 4's Money Box is broadcast on Saturday at 1204 BST.



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