Thursday 8 December 2016

Noonan needs to note EU's bully-boy tactics

We cannot assume that we will be viewed differently than Greece, writes Willie Kealy

Published 06/11/2011 | 05:00

YES the previous Greek government misrepresented its figures to get into the eurozone. And yes, the taxation infrastructure in Greece is chaotic. And as a result, when the recession hit, Greece was least able to cope of all the members of the eurozone and so they are now in dire straits.

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One Irish commentator suggested last week that it would be a good thing if the Greeks either left or were forced out of the eurozone, because they were dragging the rest of us down.

Michael Noonan is fond of saying that Ireland is not Greece and indeed, for many reasons, we are not. Our fundamentals, compromised as they are, are nothing as shaky as those of the Greek state.

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