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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 - Nov 10 47 comments
by IdiotSavant - Nov 8 14 comments
by Frank Schnittger - Nov 6 33 comments
by Oui - Nov 8 1 comment
by Oui - Nov 4 17 comments
by IdiotSavant - Oct 15 6 comments
by gmoke - Nov 8
by Frank Schnittger - Oct 31 54 comments
by Oui - Nov 13
by Oui - Nov 124 comments
by Frank Schnittger - Nov 1047 comments
by Oui - Nov 81 comment
by IdiotSavant - Nov 814 comments
by gmoke - Nov 8
by Frank Schnittger - Nov 633 comments
by Oui - Nov 417 comments
by Frank Schnittger - Oct 3154 comments
by Frank Schnittger - Oct 3031 comments
by Oui - Oct 2915 comments
by Oui - Oct 2713 comments
by Cat - Oct 2512 comments
by Oui - Oct 252 comments
by ARGeezer - Oct 2532 comments
by IdiotSavant - Oct 2520 comments
by Oui - Oct 24136 comments
by Oui - Oct 236 comments
by Frank Schnittger - Oct 2235 comments
by Frank Schnittger - Oct 2089 comments