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Opinion

Savings: Are banks safer than shoes?

 

A man from Romania was given quite a scare when he concluded that he didn’t trust the local banks and stored his money at home instead. According to Romanian newspapers the man in question secreted €40,000 in a pair of old shoes before Christmas. But in a pre-Christmas tidy-up his wife threw away the shoes and their valuable contents. Once the mistake came to light the couple informed the police and a search began. In early January it was discovered that a woman had found the shoes. She was questioned by the authorities while residing in her new €22,000 cottage.

However, in contrast to several banks that managed to whittle away many people’s savings to nothing last year, the couple have since managed to reclaim €11,000 from the woman who found the shoes and €19,000 from the people who sold her the house. With 75% of their savings recovered it seems that after all shoes are maybe sometimes a better place to store your money than a bank.

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