Monday 11 December 2017

Brendan Keenan: Creators of euro have left it too late to figure out how it should work

In the midst of the global crisis, there is no turning back the monetary clock

Brendan Keenan

Brendan Keenan

SUPPOSE Michael Collins had not been shot? Or the wind had favoured the French fleet in Bantry Bay? Recent radio programmes on BBC and RTE have explored the "what ifs?" of history. They make fascinating listening -- but futile debate.

I have spent much of the last several months railing against the amount of time given to discussion of whether things should have been done differently, when there is so much to be debated on what we should do next.

Fear not. This column is not about the banks. It is about the euro. The reason for the observations on the pointlessness of 'whatifery' is that I am about to break my own rule and do some.

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