... you couldn't leave Ireland, or get your money out of here?
I have a strong suspicion that many of those who support this extremely dubious policy are secretly betting on being able to escape the consequences if and when it all goes pear-shaped.
In fact, I believe many actively want it to go down the tubes, and getting themselves and/or their dosh out of Ireland and into a tax haven. Then they wait for everything to collapse, then come back in with their stash, and buy up lots of things at rock-bottom prices.
Clearly, if a person has this plan, the rational thing for the country to do is the precise opposite of what he wants.
So, pro-austerity folk: would you change your demands if you had to suffer the full consequences of an Nicosia-style collapse, and you couldn't get your cash out of danger.
That means that if a post-collapse Irish government took all your savings, you couldn't escape it.