Monday 26 June 2017

Brendan Keenan: An isolated Greece keeps the herd safe

Greece's crisis give Ireland a great chance to recover from the errors of the last 18 months

Brendan Keenan

Brendan Keenan

NEVER waste a good crisis, they say, and we certainly have a good one erupting right now. There is not much doubt, either, that events in Greece present Ireland with a great chance to recover from the errors of the past 18 months and start again.

As you have no doubt heard, Ireland has avoided the worst of the Greek-induced crisis. But read the fine print. It is more a case that the others have joined us, rather than us leaving them. The group in question is the legendary PIGS, made up of the fiscally-challenged Portugal, Ireland, Greece and Spain.

But the deficit crisis is only this month's problem. There is more to come -- for them and us. The EU leaders gave Greece a breathing space, and the markets gave one to us.

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