Brendan Keenan: Leaving the eurozone is simply not an option for Ireland
A European recession is the more likely outcome of current crisis than a euro collapse, writes Brendan Keenan
Published 18/12/2011 | 05:00
TIME to learn our "Ds," children: deficit, default, devaluation, disorderly -- and now perhaps -- dual.
There has been far too much confusion about the meaning of all these difficult d-words. None more so, it seems, than in the case of devaluation.
The country talks of little else these days than the end of the euro. Such talk usually means a "disorderly" breakdown. The country's leaders refuse to talk about any such thing, except to say occasionally that it is out of the question.