Monday 19 February 2018

David McWilliams: Closer ties with Britain offer us a way out of our euro nightmare

We have a better chance of winning our group in Poland than the euro has of surviving in its present form.

The currency may survive but not as it is at the moment. The total failure of the huge Spanish bank bailout changes the game because it signals the end of the easy options for Germany which must face up to how much it will cost to hold the euro together.

It is important to appreciate that this is not a fire drill. You know the way we Irish are with fire alarms? We pretend that someone must be messing about as the alarm couldn't possibly suggest that there is anything to worry about, could it? We don't have to evacuate the building because it must be just a joke, surely?

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