I keep reading that it will be better to have Euro cash on hand (i.e. not in the Irish banks) if the Euro collapses but I am not sure why...I assume the banks will immediately convert to punt nua so if you are left holding euros, you will have to convert them to get some punt nua too. Maybe you can hold those Euros and wait for punt nua to devalue before converting but if all the other EU con-countries drop the Euro you would be left with a useless currency?