If you are bad with money, then you should pay down your mortgage with the remainder, even if it makes arithmetic sense to hold onto the cash.
Savings certs are risky - the government might default and you could end up losing some or all of your deposit.
As Baracuda says, you should ask your lender for a deal. In fact, you should offer to sell the property and see how they react. If you owe €178k, they should be delighted to get rid of a loss-making tracker like than for €160k. This would leave you cash over.
Have you any interest in buying another house to live in? If so, you should consider keeping the cash as a deposit.
But the most important consideration is the fact that you are bad with money. If so, use it wisely and reduce your borrowing.