The UCD economist and "Brod Snip" author Colm McCarthy again raises some salient points in his column on the eurozone banking crises. Colm McCarthy is someone who's column I enjoy reading as much for his at times caustic wit as his insight on various issues surrounding the banking and fiscal crises. He ends this article on a theme we have seen all too often in the last number of years:
"unless the European banking crisis is acknowledged and dealt with soon, we are witnessing a slow-motion train-wreck that will end badly for Ireland, for several other eurozone members and ultimately for the entire European project"
The problems outlines by Mr Mcarthy in this article are by no means new and are widely acknowledged. However the power-brokers central to the issue( heads of european states and the ECB) remain quite vocally divided on the issue as witnessed in recent elections in Finland
Will any change in attitudes of tack come too late for Ireland? Or indeed, is it already too late?.
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