I read that Peter Sutherland, the Irish chairman of energy giant BP, the world’s fourth-largest company, says that Ireland’s economy has remained afloat solely because of the country’s membership of the euro.
Speaking to The Irish Times at the Davos economic forum in Switzerland, Mr Sutherland said that if Ireland was not in the single European currency, the Irish economy would be “in a state of destruction”. He described as “absolutely appropriate” the comparison between Ireland and Iceland, a non-euro state whose economy has collapsed, made by European Commission president Jose Manuel Barroso during a discussion on the European economy in Davos. “He was quite right to make it,” Mr Sutherland said. “There is no point trying to pretend now what our condition is. That condition is deeply, deeply worrying, so it behoves everybody to recognise this and to react accordingly.”
So, Mr Sutherland, pray tell us what Ireland should do?
“It behoves everybody to recognise this and to react accordingly. Mr Sutherland said the Irish banks needed to be dealt with “urgently” and that it was “absolutely necessary” for the country’s credibility that the Lisbon Treaty be voted through.
Ah – I see. The Europhiles never miss a chance to try and advance their agenda and so even though the Irish people said NO to the EU constitution, the new tactic is to tell them that unless they say YES later this year, then Ireland will become the new Iceland. The threat is clear. Ireland will be frozen out if the people seek to stand in the way of the EU constitution.