Saturday 10 December 2016

Plan for euro

Published 24/08/2011 | 05:00

•Enough of 'Paddy the Victim' moaning. It's time for phased and coherent action.

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The heads of government from the European Union must lock themselves into the mock-chateaux in the Ardennes, with only a diet of rye bread and black tea.

They must agree not to leave until they have come up with a credible, short-term two- to three-year plan to stabilise the euro and the EU. This mechanism, called 'stopping the clock', was used again and again in the earlier days of the construction of the EU -- and was supremely successful.

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