Monday 18 December 2017

Euro creep

• There is no doubt now but we are heading for a United States of Europe, with a common banking system, a pooling of debt, and possibly a European Finance Minister akin to the American chairman of the Fed.

The Irish people were never asked specifically if they wanted to be the Rhode Island or the Wyoming of Europe but that is what our size and population will determine for us. All our referenda have been ad hoc questions to specific problems but each positive answer has put another piece of the jigsaw in place.

It's as if the country is sleep-walking its way into a European federation. It's unfortunate that most of Ireland's relationship with Europe has centred around money, from subsidies to farmers, to structural funds and now bailouts.

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