Ireland Archive

  • Angela Merkel, chancellor of Germany (picture Jacques Grießmayer)

    If you’re not at the table, you’re part of the menu

    By Patrick Mc Nally Is it so radical? January 2012, another European Summit and yet another treaty. A treaty that Germany wants but the other 26 countries do not. The treaty’s final text is an acknowledgment of German dominance in Europe rather than an acceptance...

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  • Enda Kenny, Irish Taoiseach (picture EPP)

    A view from the other side

    By Patrick Mc Nally The mood is subdued. This is an underwhelming summit deal. The summit failed to deliver a decisive result in favour of the single currency and has made a grave problem more difficult by embarking on a new institutional debate over the...

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  • Angela Merkel and Nicolas Sarkozy, leaders of Germany and France (picture Chancellery of the President of the Republic of Poland)

    Meltdown

    This will be the situation if the markets are disappointed by the decisions of the European Council on 9 December. If this happens the market will probably sell every euro denominated asset. We can only hope that the worst case scenario can be avoided. Just...

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  • Angela Merkel and Nicolas Sarkozy, leaders of Germany and France (picture Chancellery of the President of the Republic of Poland)

    Nearing the end of the euro crisis, one way or another

    It looks as if we have reached the endgame in the eurozone crisis, writes Patrick Mc Nally. The G20 countries are very concerned at European leaders’ failure to solve the crisis and for allowing it to develop into a global crisis. It is clear that...

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  • Angela Merkel (picture European Commission)

    Endgame?

    There are two questions being asked here, writes Patrick Mc Nally from Ireland. Are we reaching the endgame of the eurozone crisis and the possible demise of Angela Merkel as chancellor of Germany. Angela Merkel has had two terms as chancellor of Germany, and at...

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  • Professor Morgan Kelly (picture University College Dublin)

    Ireland: is there a way forward?

    By Patrick Mc Nally It is now some months since we have had a change of government. Already the old regime has faded into the mists of history. The voters have decided and punished the outgoing government for their mismanagement of the economy and are...

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  • Man with a problem: new Irish finance minister Michael Noonan

    Hang out your brightest colours

    It is now over two weeks since we have had a change of government here and in the meantime a special meeting of eurozone leaders has taken place to discuss a modified Competitiveness Pact to support the euro. This report will reflect an Irish view...

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  • Enda Kenny, newly elected Irish prime minister

    Europe and the Irish Election

    By Patrick Mc Nally I thought that you might be interested on the impact that Europe is having on the current election here in Ireland. The eurozone crisis has awakened a sleeping giant that of politicisation by fuelling the feeling that there is a democratic...

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  • Empty houses in Ireland

    The Irish crisis – scale is everything

    Stephanie Flanders argues on the BBC website that the biggest difference between the economic crises in the UK and Ireland is that the UK has its own currency while Ireland does not.  “Robert Peston is right to remind us that Britain’s mistakes, in the boom...

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  • Lot of houses for sale due to mortgage crisis, 2008 (picture The truth about)

    Ireland and the euro

    Letter in the Spectator, 16 October 2010 Allister Heath may be right that Ireland experienced lower interest rates over the last ten years than was beneficial as a result of euro membership, (“The Irish problem”, 9 October) but it is not true that the Irish...

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