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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 [...]

DAILY TELEGRAPH
Monday 23.2.08
If Der Spiegel is correct, the German finance ministry is drafting rescue plans to prevent default on the edges of the eurozone leading to a full-blown collapse of Europe’s monetary system.
By Ambrose Evans-Pritchard
This is an entirely appropriate policy in economic terms. One dreads to think what would happen if the world’s twin reserve [...]