Advice on Prize Bonds

Hello

I am not too economic minded so I want to ask ye here in the know.

I have approx. 45K in Prize Bonds.

If, as has been said here and elsewhere, the Euro does go wallop, what would happen to my 45K?

Am I wise to keep it where it is or should I be placing it elsewhere?

I am not interested in anything long term as may require funds for a site purchase at short notice.

Any help is appreciated.

Thanks

AstonMartin

Basically as I understand it you will have your E45k converted into a new irish currency.

This currency will be devalued against the majority of the other world currencies and the other european countries new currencies.

result: your money will buy less stuff as imports will be more expensive.

solution: put your savings into a foreign bank whose country has a strong economy e.g) deutsche bank (german) or rabo direct (dutch). Both banks have a E100k deposit protection from their individual countries and as both are currently part of the eurozone you dont have to worry about negative exchange rate movements in the meantime and you dont pay additional tax on interest (dirt tax) as both are european banks.