Thursday, 25 August 2011

For Ireland to stay afloat, we must make sure the euro survives | Irish Examiner

For Ireland to stay afloat, we must make sure the euro survives | Irish Examiner

Cracks can no longer be papered over. Europe lacks leadership. Procrastination, indecision and inertia from the top table of prime ministers and presidents have allowed markets to dominate muppets. When Spain and Italy accompanied peripheral states of Greece, Portugal and Ireland, in requiring centralised support to finance their sovereign bonds, it was clear that the euro was unravelling. This presented a stark choice — construct a federal fiscal union or allow the break-up of the single currency...

Read more: http://www.irishexaminer.com/opinion/columnists/ivan-yates/for-ireland-to-stay-afloat-we-must-make-sure-the-euro-survives-165281.html#ixzz1W203Jf3g
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