The need for independent currency: Why Ireland hates the ECB

The need for independent currency: Why Ireland hates the ECB

A PROMINENT former adviser to the President of the European Commission has described the EU’s treatment of Ireland throughout the financial crisis as “outrageous.” Philippe Legrain – an academic, headhunted by European Commission president, Manuel Barroso, in 2011 to advise him on economic strategy – gave a highly damning condemnation of what he described as “bullying” by the European Union. The same European Union that is now imposing negative interest rates. Legrain, who quit his job as special adviser to the European Commission, earlier this year has just released a book describing and....


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