November 17, 2010

There is a way out for Ireland, and Britain should stand ready to offer it

There is a way out for Ireland, and Britain should stand ready to offer it
The problem with an overly centralised EU is that it can drag down provincial economies through inappropriate monetary policy settings. There are lessons here for small island economies. Don't let speculative bubbles get out of hand. Balance the books. Keep taxes as low as is feasible.

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