Thursday, 2 December 2010

Experts warn Irish crisis could have knock-on effect on the rest of the eurozone.

 As the Irish government unveiled their four-year plan to save 15bn euros, financial experts have voiced their fears that the problems will spread across the rest of Europe and will be detrimental to the future of the euro altogether.

While it may not mean the death of the euro as a whole, Lionel Barber, editor of the Financial Times said a “change in the structure and make-up of the eurozone may be necessary to ensure its survival.”

The euro has fallen by 1.9% against the dollar to less than $1.34 leaving investors fearing that other European countries may seek financial help in the near future.

Mr Barber added: “We are not seeing the death of the single currency; there are a lot more cards to play. What we may be seeing if the beginning of a change in the eurozone, so in other words the euro may survive but the eurozone in its present form, with its present membership, may not.”

Klaus Regling of the European Financial Stability Facility has rejected claims of a failure in the eurozone, branding it “inconceivable”.

Mr Regling said any countries giving up the euro would only face “economic suicide.”


  1. I recommend that you definitely check out this website for some helpful info on how to write it. This could be really good

  2. Clara smith is a reputed English language teacher from a renowned high school in Oregon. She receives a lot “
    essay typer for free” requests from students and guides everyone accordingly. Connect with her at

  3. Alexa smith is a high school teacher who is currently associated with where she offers
    paper writing service to students. she also loves to write online blogs on current affairs and other interesting topics.

  4. Alexa smith is a PhD scholar who is currently pursuing his thesis from one of the reputed universities in California, US. she is also a part of the team of subject matter experts at her

    essay assignment helps students improve their performances.

  5. Stubsondemand manages your company finance and record digitally. With Stubsondemand calculator, you calculate pay-related or finance-related work for you. Clarity of taxable income increases with the use of Stubsondemand’s Paystub Generator.

  6. What? Further pressure on euro? I guess, there is bad news everywhere – when it comes to the economic situation. Anyway, I think I shouldn’t pay too much attention to it and continue reviewing Graphic Design Cover Letter samples. I hope everything gets better.

  7. I remember this issue. It struck right after the Global World Recession came. At that time I was in school and did not know much of European politics until Brexit happened. These days I am taking professional dissertation help online at lower costs on Britain and its neighbors. It is quite a complicated dissertation and this is why a professional can sort this issue out for me.

  8. I just wanted to say that I love every time visiting your wonderful post! Great information you shared through this blog. Keep it up and best of luck for your future blogs and posts. for More Details Click Here:- Change AOL Password

  9. We , the professional essay writers was filled with request on content on irish crisis in dec 2010

  10. The custom essay writing service can get the pleverage to be distnguish from this irish revolution & continue

  11. 토토

    I think this is among the most important info for me. And
    i'm glad reading your article. But want to remark on few general things, The
    website style is wonderful, the articles is really excellent : D.
    Good job, cheers

  12. 먹튀검증 Pretty! This was an extremely wonderful article. Thanks for
    supplying this info.

  13. 토토사이트 What a information of un-ambiguity and preserveness of valuable
    knowledge concerning unexpected emotions.

  14. 스포츠중계 Thankѕ for sharing your thoughts. I truly appreciate you efforts and
    I will be waiting for your further write uᥙps thank you once

  15. You have worked nicely with your insights that make our work Barber School in San Diego. The information you have provided is really factual and significant for us. Keep sharing these types of articles, Thank you.