More Criticism of Relatively High European Interest Rates – Ireland doesn’t have any control over interest rates, we gave up that control when we decided to join the Eurozone. A lot of people are now thinking we shouldn’t have joined as our inflation is running at more than twice the European average (it’s over 4%), and the recent publication of the book of estimates has just added fuel to the fire as cutback after cutback was announced.
On the other hand, here’s a positive rebuttal of the above article. Let’s wait and see. Hmm, that person has an interesting blog.
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