Quiz: "bank" or "saver"?

The correct answer is: bank

"I’m going to have to raid the piggy bank to pay for my holiday this year.“

A piggy bank is a container used to hold money. To "raid the piggy bank“ is a figurative way of saying you are taking money from your savings to pay for something. 

In Ireland, people were literally raiding their piggy banks as they dealt with the effects of the recession. The Irish Central Bank says it took more coins out of circulation last year than were issued. It suspects that people had been using their supplies of coins from coin jars.

Ireland was one of the first countries in the euro zone to announce it had gone into recession in 2008 and was one of the hardest-hit economies in the currency union. Ireland's gross domestic product (GDP) declined by more than 14 per cent in the two years to the end of 2009. The GDP grew again in the first quarter of 2010 by 2.7 per cent, leading the country to declare the recession over. However, in the face of high unemployment and a large budget deficit, Prime Minister Brian Cowen has warned that the road to recovery will be difficult.