A Wake-up Call for
the Small Nations of Europe
Ed Walsh
The relief and satisfaction in Ireland, following the
Euro-summit, that reduced interest rates and extended loan repayment periods,
is similar to that of the inmate returned from solitary confinement to the regular
prison cell.
The reduction of the harshness of Ireland’s sentence was
triggered, not through compassion for a small country, but by financial market
events that threatened two large economies, Spain and Italy, and the future of
the Euro in a way that concentrated minds in Brussels and Berlin. Finding rational solutions for economic
recovery in countries large … Continue reading...