Thanks Marc. By going this route, the risk of currency rate fluctuations for me will be offset by,
a) the security in knowing that my deposits cannot be dipped into by the state and
b) having deposits in a broad spread of "safer" non-Euro currencies, which is better than having it here in the event of a break-away PIIGS Euro or Germany leaving the Euro or in the event of us leaving the Euro, all of which would likely lead to devaluation of whatever currency we are using.
For me it's all about spreading the risk and I'm not comfortable with having all the eggs in this basket.
So - what are people doing out there.....?