Safety of An Post saving Bonds/certs

[Ask the dog]

Hi All,
I have a lump sum I would like to invest for a few years.
I am thinking about 'An post' saving bonds (3 years) and Saving certs (5.5 years) as thay have the best rate at present and are government gaurenteed. However, I was wondering what would happen if the country did go belly up and the IMF/EU had to take charge...

Worst case senario - is there a risk that I could lose my investment ? Or would the EU stand over investments in Irish government Bonds if the country did go bankcrupt............
would like to know your thought.

 

[Padraigb]

If investments in An Post vehicles became worthless, then it's armageddon: things so bad that we can just abandon all hope.

 

[deirdre101]

If An Post goes burst the EU will stand over the Irish government bonds...... they can't afford to do nothing as the stability of the county would be at stake.