EU bailout merely buys us time to get our house in order

The country must act quickly to reduce government deficits and debt accumulation if we are to avoid sharing Greece’s uncertain future

15th May, 2010

What is the euro for? That might seem an odd question to ask: surely the single currency is there to promote prosperity?

But that answer belies an ignorance of history. The euro is a direct - and planned - result of the great European project, initiated amid the ashes of the Second World War by visionaries who simply declared ‘‘enough’” after witnessing Germany and France fight their 27th war in four centuries....

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