Are our savings protected?

Riddle me this. We are told that the protection of private property is so strong in the Constitution that touching the pensions of retired politicians cannot be considered.

Then there is the opinion, and this may be scaremongering, that the Cyprus situation breaks the link between private property and security, such that the Irish government might now raid our savings. Which is it? If our savings are protected by the Constitution, then surely the Government should say so immediately.

Brendan Casserly