Of course not. Did the Irish government consider Mayo when it used to set our interest rates.Originally Posted by bradán feasa
However, its a fiction to claim Ireland ever really had control over our currency. Until 1979 the Irish Punt was fixed 1:1 to sterling. Our economic decisions were made in London. In 1979 we joined ERM.
Ireland is too small to have a truely independent financial system. We are safer under the powerful ECB than the pretend independence we had under the Bank of England before 1979.



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