The National Platform EU Research & Information Centre ☚

Village Magazine: Ireland should abandon the Euro which was established for political not economic reasons and so has not worked

NP-EURIC — Sun, 20 Jun 2010 01:46:47 +0000

“Eur-over” By Anthony Coughlan The political purpose of establishing the Eurozone was to reconcile France to German reunification following the USSR’s collapse. This political agenda used economic means that most economists who were not EU-ideologues regarded as quite unsuitable for that purpose. The irrationality of this ill-conceived and doomed project is now playing out [...]

Anthony Coughlan on the Eamon Dunphy Show

NP-EURIC — Sat, 22 May 2010 03:30:05 +0000

Audio file: Eamon Dunphy (”The Eamon Dunphy Show”: NewsTalk106fm) has Anthony Coughlan on with his panel of guests, to discuss the Irish and European economies, and the trials and tribulations of the Euro☚ (time -19:20; format - M4a/Quicktime/iTunes; date - May 16, 2010); To access via iTunes, either: ☞ In your browser, click/enter - http://itunes.apple.com/podcast/the-national-platform-eu-research/id372343305 ☜ and [...]

Two top economists in New York Times highlight folly of Ireland’s economic policy

NP-EURIC — Fri, 21 May 2010 18:58:35 +0000

economix.blogs.nytimes.com/2010/05/20/irish-miracle-or-mirage/ Irish Miracle - Or mirage? Peter Boone and Simon Johnson Economix New York Times Friday 21 May 2010 (Peter Boone is chairman of the charity Effective Intervention and a research associate at the Center for Economic Performance at the London School of Economics. He is also a principal in Salute Capital Management Ltd. Simon Johnson, the former chief [...]

Rescuing Banks and rich Greeks … The slow demise of the euro

NP-EURIC — Fri, 21 May 2010 18:52:15 +0000

www.spiegel.de/international/germany/0,1518,695245,00.html 05/18/2010 03:54 PM Former Central Bank Head Karl Otto Pöhl Bailout Plan Is All About ‘Rescuing Banks and Rich Greeks’ The 750 billion euro package the European Union passed last week to prop up the common currency has been heavily criticized in Germany. Former Bundesbank head Karl Otto Pöhl told SPIEGEL that Greece may ultimately have to opt [...]

To save the eurozone, reform its governance: FT.com

NP-EURIC — Tue, 18 May 2010 18:42:15 +0000

Wolfgang Münchau Financial Times www.ft.com/cms/s/0/7e114d26-6115-11df-9bf0-00144feab49a.html Monday 16 May 2010 The eurozone was never under speculative attack at any time. What happened was that investors, European pension funds among them, lost confidence in the system. And while fiscal profligacy was the root cause of the problems in Greece, it is not the root cause of the problems in Portugal and [...]

Thinking the Unthinkable on the euro crisis

NP-EURIC — Tue, 18 May 2010 18:25:45 +0000

From www.german-foreign-policy.com Newsletter, 12 May 2010 . BERLIN: Following the passage of the 750 billion Euro bailout package, the debate on Germany’s leaving the EU monetary union has become more intense. Business representatives confirm that German industry, which exports heavily to other countries within the Euro zone, has up to now greatly benefited [...]

The Consequences of Monetary Union (1972)

NP-EURIC — Wed, 12 May 2010 03:37:48 +0000

The financier and businessman Emmett O’Connell, formerly of Aminex and Eglinton Oil and still successfully engaged in the international mining business, has long held the view that abolishing the Irish pound and joining the eurozone was the biggest policy error ever made by the Irish State. The Greek crisis and its drastic implications for the [...]

Nobel Economics Prizewinner Paul Krugman on “The Euro Trap”

NP-EURIC — Wed, 05 May 2010 19:45:53 +0000

On Monday May 3rd, the Irish Times carried an article by Nobel Economics Prizewinner Paul Krugman on “The Euro Trap”. Its main contention was that the euro-realists and euro-sceptics who had warned against the dangers of abolishing national currencies to form an EU currency union were being proved right by current events. The austerity [...]

Greek Bail-Out Crisis

NP-EURIC — Mon, 03 May 2010 22:26:34 +0000

http://www.telegraph.co.uk/finance/financetopics/financialcrisis/7591027/Greek-aid-in-doubt-as-German-professors-prepare-court-challenge.html Greek aid in doubt as German professors prepare court challenge Ambrose Evans-Pritchard The Daily Telegraph 15 Apr 2010 A quartet of German professors is to preparing to challenge the EU-IMF rescue for Greece at Germany’s constitutional court as soon as the mechanism is activated, claiming that it violates the ‘no-bail-out’ clause of the EU Treaties. http://www.ft.com/cms/s/0/461663a0-5613-11df-b835-00144feab49a.html Europe’s choice is to integrate [...]

The real costs of eurozone membership

NP-EURIC — Wed, 28 Apr 2010 22:55:59 +0000

The article below from the Financial Times points to the lack of public debate across the EU on the real implications of the 1992 Maastricht Treaty’s proposal to abolish national currencies and replace them with the euro. In Ireland’s 1992 referendum on the Maastricht Treaty the main thrust of public debate was [...]