Saturday 16 December 2017

Brendan Keenan: Leaving the eurozone is simply not an option for Ireland

A European recession is the more likely outcome of current crisis than a euro collapse, writes Brendan Keenan

Brendan Keenan

Brendan Keenan

TIME to learn our "Ds," children: deficit, default, devaluation, disorderly -- and now perhaps -- dual.

There has been far too much confusion about the meaning of all these difficult d-words. None more so, it seems, than in the case of devaluation.

The country talks of little else these days than the end of the euro. Such talk usually means a "disorderly" breakdown. The country's leaders refuse to talk about any such thing, except to say occasionally that it is out of the question.

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