chrisd wrote:Joat42 wrote:Actually, Irelands financial problems has little to do with the Euro. Irelands problem stems from a number of banking scandals and a property bubble which burst, the problems was then exacerbated by the financial crisis in 2007 (2008?) and led to a recession.
In Italys case, their economy started to go south already in 1980's and it didn't get better because of high taxes and a barely functional bureaucracy which has hampered any economic revitalization.
In other words, the switch to Euro has nothing at all to do with their problems.
As I said in an earlier post, most EU countries wanted to switch to the Euro. Some even lied about their economic state to be able to join the Euro-zone even though they didn't fulfill the economic requirements.
The financial problems were exacerbated by the "tie" in the €urozone and it was not the people of the countries who wanted the €uro but the bankers, the bureaucrats and the politicians.
AS usual, "officialdom" was wrong and bad for the people.
As someone said (paraphrased), "We have the leadership we deserve."
A little nit-pick, we have been referring to the euro-zone and the euro, it's not the euro that's the real problem here - it all actually started with the Maastricht Treaty in 1992-93.
Anyway, I'm afraid we have strayed far from the intended subject of this thread, but I guess that tend to happen on this forum but I think EU-politics really should be ventilated in another forum.