You can appear on recordings as executives of a failing bank. You can make light of the situation you are in and joke about the fact that you are about to be bailed out by another country, which in turn means the tax payer. You can then mock the national anthem of that country saving your balls. You can do all these things and the head of state “cannot legally” touch you. You cannot be jailed apparantly.
You can, however, be jailed for failing to pay your TV licence and the Head of State will stand over this.
Ireland. Ireland, ladies and gentlemen. Ireland.