Kelly's 'big bang' fix risks our expulsion from euro
Published 09/05/2011 | 05:00
UCD economist Morgan Kelly has proposed that Ireland walks away from last November's EU/IMF bailout. Would this make our economic situation better or even worse? George Garvey attempts to answer the questions.
Q: What is Morgan Kelly recommending?
A: He is calling for Ireland to abandon last November's EU/ IMF bailout. He argues that sticking with the bailout condemns Ireland to national bankruptcy with catastrophic damage to our international reputation. He says we should hand the banks to the ECB.