Monday 1 May 2017

Fionnan Sheahan: EU states must face up to the reality of economic pact

Fionnan Sheahan

Fionnan Sheahan

The prospect for Ireland of having to face the public in yet another referendum would not be welcomed

EU members are agreeing to disagree. The European Union has been locked in continual crisis mode for the past two years as a result of the banking, financial and economic crisis spawning into measures required to rescue the euro.

Finance ministers pretty much agreed last night that there needed to be greater oversight of member states budgets -- particularly the serial over-spenders. But nobody is agreeing how exactly to do it.

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