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Then there are the epic verses of Irish bank strikes. A grand tale of ah self-organizing standard of living and financial independence or so. That is rents deferred to BoE's prime dealers either bank of the sea.
The innerboob repository is rather hazy with piddly detail such as precisely how many strikes occurred between 1960 and 1980. Perhaps that is all best forgotten? On account of the transformative power of EU membership.
Diversity is the key to economic and political evolution.
As against that, a government with some economic foresight (a rare occurrence) would have been able to raise domestic interest rates to dampen the Celtic tiger bubble 2001-9 resulting in less of a crash when that bubble burst. (At the time the ECB was maintaining a policy of interest rates much too low for a booming Irish economy but geared to the needs of a German economy reeling from the costs of German re-unification). It is a moot point as to whether Irish governments of the time would have had the foresight to do so: my guess not so much. Charlie McCreevy, Finance Minister at the time, reflated the economy with tax cuts at a time when it was already booming. A bit like Trump now.
So the probably answer to your question is that it is doubtful whether Ireland would be any better off now with its own currency, and most probably not. (The UK, on the other hand, has probably just avoided a mild post referendum recession because it has its own floating currency) which has enabled it to adjust to the Brexit vote shock.
Index of Frank's Diaries
by Frank Schnittger - Feb 21 9 comments
by Cat - Feb 18 10 comments
by ATinNM - Feb 6 22 comments
by Oui - Feb 12 16 comments
by Oui - Jan 26 3 comments
by Oui - Feb 14 1 comment
by gmoke - Feb 13
by Frank Schnittger - Feb 5 10 comments
by Frank Schnittger - Feb 219 comments
by Cat - Feb 1810 comments
by Oui - Feb 175 comments
by Oui - Feb 141 comment
by gmoke - Feb 13
by Oui - Feb 1216 comments
by Oui - Feb 12
by Oui - Feb 86 comments
by Oui - Feb 71 comment
by ATinNM - Feb 622 comments
by Frank Schnittger - Feb 510 comments
by Oui - Feb 42 comments
by Frank Schnittger - Feb 254 comments
by Cat - Feb 18 comments
by Oui - Feb 1
by Oui - Feb 129 comments
by Oui - Jan 302 comments
by Frank Schnittger - Jan 2936 comments
by Frank Schnittger - Jan 2811 comments
by Oui - Jan 263 comments