No Ireland is an Island
Philip Lane, Trinity College Dublin | May 12, 2011
Calls for a unilateral approach to addressing Ireland’s debt crisis underestimate both the potential gains of the current strategy and the potential costs of acting alone. ++ The Government’s approach is based on a commitment among European partners to “ensure that Ireland will successfully emerge from the current dire situation.” ++ Ireland should have faith because unlike in previous debt crises, everyone has a joint interest in preserving area-wide financial stability and the ECB’s ability to provide additional resolution mechanisms.
