A leading writer has come out today to argue that joining the Euro was a mistake as Sinn Féin astutely foresaw it would be.
Without saying "I told you so" Sinn Féin was the only party to oppose Euro membership and many of the arguments that Sinn Féin used were dismissed at the time but have come to be seen as true by people such as Cooper.
Basically we have given up our exchange rate--which prevents us from becoming competitive again without years of painful deflation. This one could take a long time folks and I am not happy at all about that despite Sinn Féin having been proven right. In the end as usual the least well off will suffer most from the downturn.
Cooper argues here: