We all know what has brought Ireland to its knees. An economy growing much too fast on the back of an unsustainable property boom. A government powerless to raise interest rates to calm the economy. Banks lending irresponsibly to borrowers against the crazy value of their properties. But all that and much more would have happened in Britain, too, had our politicians taken us into the euro. And we would be not so much on our knees now as flat out on the floor.
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