The Fiscal Compact and Wider European Reform
This post was written by Philip Lane
I agree with Michael O’Sullivan (op-ed in today’s FT available here) that the Fiscal Compact should be debated in the context of a wider European reform agenda and that the Ireland should positively engage in the wider reform process. My view is that the implementation of the Fiscal Compact raises the probability that other reforms will be delivered; his ultimate position on the referendum vote was not obvious from his article.
(The FT also carries an interesting analysis article on the lessons from Iceland here.)