Your An Post deposit is used to fund the national debt via the NTMA. An Post have no access to the ECB or ICB.
Short to medium term, if there is a bailout of the state that is approved by the Dail, then your money is safe.
Long term, the majority of investors believe that Ireland will have to restructure it's debt, again, An Post deposits fund the national debt.
If long term we have to restructure our debt - what does that mean?
If I have 100k in An Post Savings Certs - will I lose this or will I just loose the interest?
Is An Post not guaranteed like the other banks?
Did you know? 1 billion EUR of Ireland's national debt is now actually prize bonds ...