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Fri 12 Dec 2008Euro-zone club can offer comfort but at a price
The Irish experience shows that membership of the EMU is not without its costs, write Anthony Leddinand Brendan Walsh
ONE OF the few bright developments on an otherwise dismal economic horizon is the 1.75 percentage point cut in interest rates by the European Central Bank (ECB) over the last three months. A cut of this proportion can be expected to boost consumer spending and investment.
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