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Keenan, Brendan

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The Irish Independent - Ireland | 21/06/2015

Eurozone won't survive in its current form

With or without Greece the Eurozone has no future in its current form, columnist Brendan Keenan writes in the conservative daily Irish Independent: "The show is not over yet but many have noted that it would not be the first time Europe stumbled into a disaster that no one except those on the extremes actually wanted. ... We are left with a monetary union in which states might be bailed out with loans, but in which there will be no transfers from richer to poorer, and where Greece has already shown that membership of the monetary union is not sacrosanct. That is a system which cannot work in the long run, whether Greece stays or goes."

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