May 12, 2012

EU's Bigger Deficit Is Democratic

Patrick Smyth, Irish Times

AP Photo

WE ARE in the process – painfully, haltingly – of addressing the central deficiency in Europe’s single currency. The vote on the fiscal treaty represents Ireland’s part in a joint effort to give the euro the framework of collective disciplines that can provide the currency with the robustness it needs, the guarantee of its soundness, economic bulk, and the defences that can allow it to maintain value.

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TAGGED: European Union, Ireland, Eurozone

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