If the guarantee is 100,000 euros this should enable most mortals to sleep peacefully at night.
What happens to the couple retiring to Spain and buying their dream apartment, if they transfer the whole of the cost to a bank in Spain which then goes bust 10 minutes afterwards? Does this process put them at risk, finding that the bankers draft presented at notary has no value above 100,000 euros?
I know this sounds most unlikely, but if a bank goes bust, it is bound to happen to somebody, and it would be most annoying.
