Tuesday, June 26, 2012

Nasty Divorce

The economic impact of the breakup of the euro - via Der Spiegel:


That would shrink Ireland's economy back to its size in 2003 (were back to about 2006 at the moment).

The chart excludes the UK - our largest trading partner - so there may be 'second order' effects that would make the euro divorce a lot nastier even than that portrayed above.

1 comment:

  1. The one interesting consequence of a break-up of the eurozone would be the contortions of the vested interests here, as they move to ensure that the negative effects fall on the unsheltered and unconnected sections of the nation, in a kind of panic repeat of the stitch-up they worked in the Croke Park Agreement.

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