Euro is Ireland’s life-jacket – and straitjacket

Telegraph
"It is hardly surprising that Ireland has warmed to the Lisbon treaty. Ireland is immersed in freezing waters. Europe is its life-jacket. ......But the EU’s lifejacket is also a eurozone straitjacket. The UK has its competitive, weak pound while Ireland is stuck with the super-dear euro. Ireland’s recession, deflation and budgetary deterioration resemble the Baltics’ agony because like them Ireland is locked into a fixed exchange rate."