News Letters

Sunday 22 January 2017

New currency and devaluation now

Published 24/11/2010 | 05:00

THERE must be an alternative to the EU/IMF takeover of Irish economic policy. To borrow now will mean years of repaying the new imperialists.

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Ireland should instead leave the eurozone and avoid an expensive bailout with the economic misery it will mean for many years ahead.

It should launch a new punt currency with a devaluation which will increase exports to the US and UK and guarantee Ireland sovereign control of its own currency and budget measures.

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