Brendan Keenan: Ireland has to stick with euro herd to avoid global predators
Back when all this trouble started, what seems like half a lifetime ago, I suggested early action to try to stay close to the herd. The predators seek out the wounded member.
Ireland turned out to be too badly wounded to avoid being pulled down, but things have not gone well with the herd either.
Reading last week's slew of reports on the global economy, it was hard to avoid the conclusion that the whole ecological balance between predators and prey -- between lenders and borrowers -- has been upset badly, and dangerously.