Thursday June 4, 2020

Auf Wiedersehen? Never

Reasonable people believe in the euro, and that it keeps us safe – but we are not continentals and our link to the currency has been a complete disaster

14th March, 2015
2
David McWilliams

Over the past year, the euro is 25 per cent down against the dollar – our main trading partner. This is the currency that was supposed to bring stability to Ireland. Losing a quarter of your value in 12 months is hardly stability, now, is it?

In fact, our 15 years’ experience with the euro have been 15 years of massive economic instability. It has been a chaotic period of seven years of unsustainable boom, followed by...

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