Saturday 21 January 2017

Doomsday scenario can be traced back to euro's low interest rates

Siobhan Creaton

Published 17/11/2010 | 05:00

THE scale of the international interest in Ireland's economic woes shows the extent to which our problems are weighing on the euro.

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Indeed, some commentators are suggesting the great euro project could eventually be derailed -- even if our problems are fixed -- as more of our European neighbours get into financial distress.

This is the doomsday scenario for Europe's politicians and for the 16 eurozone countries -- although it is probably unlikely to be realised, in the near-term at least.

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