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Thu 07 Jul 2009Old punt would have 'crashed' outside euro zone
IF THIS country had remained outside the euro zone, the Irish punt would have “crashed through the floor” creating a far worse crisis than the present one, the European Commission’s top trade official has said.
Speaking at the MacGill Summer School yesterday on the theme, “Does Ireland Need Europe?” director general for trade David O’Sullivan said this country still benefited “hugely” from membership of both the EU and the euro zone.
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