Get A Grip: Ireland’ Fiscal Crisis Will NOT Bring Down the EU –

Posted on November 16, 2010

Dire predictions of a collapse of the EU have swirled around utterances of the financial meltdown in Ireland.  But cool heads are emerging and speaking out:

But despite fears that the crisis could bring down the euro, Ireland’s minister for European Affairs Dick Roche denied this morning that Ireland needed emergency financing.

“I would hope after the Ecofin meeting this afternoon and tomorrow there would be more logic introduced into this,” he said on the BBC’s Today programme. “There is no reason why we should trigger an EU or IMF-type bailout.”

He admitted: “There is a problem with liquidity in banks, there is no doubt about that, but I don’t think that the appropriate response to that would be for European finance ministers to panic.”

May there be voices attached to individuals of reason in the midst of so many of our current crises.  Read the full article here.

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