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Kilkenomics festival hears euro will be extinct in 10 years

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2/11/2012David McWilliams pictured at the "Is the Euro Crisis Over ?" at the Kilkenomics Festival in Kilkenny last night. .Picture Dylan Vaughan.

2/11/2012David McWilliams pictured at the "Is the Euro Crisis Over ?" at the Kilkenomics Festival in Kilkenny last night. .Picture Dylan Vaughan.

Dylan Vaughan

2/11/2012David McWilliams pictured at the "Is the Euro Crisis Over ?" at the Kilkenomics Festival in Kilkenny last night. .Picture Dylan Vaughan.

THE euro currency will be extinct within a decade, economists have claimed at the annual 'Kilkenomics' festival.

One of the hottest tickets of the year, the annual gathering in Kilkenny saw some the world's top economic brains, including UCD Professor of Economics Karl Whelan, paired with stand-up comedians to debate the future of the euro.

American lawyer and former bank regulator Bill Black last night agreed the euro currency would not exist in 10 years' time. "The euro is the biggest threat to peace and prosperity in Europe in modern times," Mr Black warned before a packed house at the Ormonde Hotel, Kilkenny.

Accountant Cormac Lucey warned the currency was at a crossroads.

Irish Independent columnist and economist David McWilliams said Greece would become a type of Gaza Strip situation -- with the country an extremely poor part of Europe.

One of the major events today will see Mr Whelan and his Icelandic counterpart Thorvaldur Gylfason debate the big problems facing Europe.

Mr McWilliams will also be discussing the message in his new book 'The Good Room' that life still goes on, regardless of the economic gloom and doom.

Among those taking part in the festival are comedian Barry Murphy, famed for his impression of Germany's Angela Merkel, professor of finance at Trinity College Constantin Gurdgiev and comedians Colin Murphy and Des Bishop.

Irish Independent