David McWilliams » Rome Rule V London Rule
That will be our choice – London or Rome.For the EU, a new softer euro would be a great move for the integrationists. It allows them to snatch victory out of the jaws of defeat. It would allow the weaker countries to devalue against the stronger ones, thus going some way to rectifying the competitive imbalances at the core of Europe. It would allow countries like Poland, the Baltics and Croatia – as well as further east in the Balkans – to join the weaker euro and give them time to adjust to the rigours of Italy, not Germany.
So ‘project Europe’ goes on. The defeat allows a more democratic solution for the rest of non-eurozone Europe and it gives a united Europe more impetus just at a time when the project was stalling.
For Ireland, the ludicrous choice would be to put Rome ahead of London. But stranger things have happened.
The key is to look beyond the immediate crisis and see it as being the result of bad planning, rather than the cause of something new. The result of this bad planning is that we go back to proper foundations based on economic and financial ties. We will be given the choice of Rome or London, I know where I would prefer to be.
this looks like a very wise move
for trade, for stabillity, for common sense and for a united Ireland
personally I hope it happens
the Brits are no longer our enemy, we have a new one, who could not care if the people of Ireland suffer economic hardship for 100 years as long as they are ok.
Mc Williams on BBC this morning
Economist David McWilliams said that "the pattern is very simple" for the future of the Eurozone.
"The evidence from the last four years is that Italy will be next," he said.