Saturday 18 November 2017

'Drachmageddon' averted but euro gamble drags on

Greece, like Ireland, is discovering there's little reward from the eurozone for good behaviour, writes Pat Cradock

Remember the Fiscal Treaty that was supposed to bring stability to the eurozone? A German idea, but the Germans have not ratified it yet. The eurozone seems more ready than ever to fall apart. The treaty has done nothing to stabilise the situation, a clear demonstration of its complete irrelevance in the present crisis.

It is only a few weeks but the referendum on the treaty seems so long ago. The truth is that the Fiscal Treaty was a side show and the Irish vote on it even more so.

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