Central Bank Governor Patrick Honohan said: “Neglect at home and in Europe of the fact that euro members could still get into macro-economic trouble despite being part of the euro area was a major flaw in policy thinking in the early 2000s.” Photograph: Matt Kavanagh

Assuming that being in the euro zone would save the country from macro-economic trouble was “a major flaw” in policy thinking, the Governor of the Cen(...)