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Fri 01 Jan 2009Abandoning euro is a nil sum game
A decision to leave the euro zone would run the risk of Ireland being expelled from the EU, writes Jim O'Leary
MIGHT IRELAND abandon the euro? This question, the mere articulation of which would have invited ridicule a year ago, is now receiving some attention among international economic commentators. The reason is clear. A good, old-fashioned devaluation would be an obvious response to the awful conditions facing the economy, were this option available.
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