The Economist Intelligence Unit’s Ireland analyst says Ireland should consider leaving the euro, since the major costs have been or will be incurred anyway.
She also says that this would be politically beneficial for a FG-Labour government. Perhaps, but I think it’s almost inconceivable that FG would want to leave the euro, whatever about Labour.
But the political arguments will remain, and who knows: Gerry Adams could be the Leader of the Opposition. Interesting times.