Quote Originally Posted by Beskar View Post
They should create a World Currency, that way, they can stop all this inflating out of debt, and other nonsense. The problem isn't with the Euro, the problem is with the economical mindset.
No, the problem is sharing currency and not a treasury, the Romans will tell you that one Denarius is only worth the same accross the whole Empire when you only have one Emperor minting the coins. Ireland's inability to devaule, or do anything else, means that it will go bankrupt and have to be bailed out by other Eurozone countries in the same way that, for example, "The North" has been propted up by "The South" in England for about 30 years. Ireland's only hope of prosperity is either being completely subsumed into a larger more wealthy nation (not going to happen) or being fiscally independant.

(For those not up on ancient money - it was always allowed silver/gold and the silver/gold content reflected the liquidity of the government minting the coins, so rather like today the value of a country's currency reflected its wealth, only more litterally.)