> From: "Rebecca Peoples" <[EMAIL PROTECTED]> > I have been examining the matter of the European single currency. Ireland is > poised to join it. > There are those that say that joining will entail surrendering the power of > the Irish state to more freely manage economic policy --monetary, interest > rate policies etc. They argue that single currency that will lead to > declining living standards. My impression is that the Irish are underpricing the rest of the EU in labor and other costs and benefiting for that reason, thus for them in particular a lowering of trade barriers will help more than hurt. MBS =================================================== Max B. Sawicky Economic Policy Institute [EMAIL PROTECTED] 1660 L Street, NW 202-775-8810 (voice) Ste. 1200 202-775-0819 (fax) Washington, DC 20036 http://tap.epn.org/sawicky Opinions above do not necessarily reflect the views of anyone associated with the Economic Policy Institute other than this writer. ===================================================
