Eurozone membership is good news for Ireland - The Cope


“The Eurozone has been a huge benefit to the Irish economy and particularly in recent turbulent times.”

“The Eurozone has ensured that billions of Euro have been made available to Irish banks via the operation of the European Central Bank.”

“As a member of the Eurozone, Ireland has benefited from very low interest rates, notwithstanding the very difficult economic situation that faces us.”



“If Ireland was on her own, outside the Eurozone, we would have higher interest rates and we would be at the mercy of international currency speculators who would play our isolated currency off other weak currencies. This is what the international currency speculators did in 1992 and this resulted in a 10% devaluation of the Irish punt at that time. These same currency speculators destroyed the Icelandic economy last year aswell.”

“International currency speculators cannot weaken the Euro because it is a too strong a currency and this is a very important fact from both an Irish and a European perspective.”


“The Euro provides stability for our own exporters who can sell their goods and services into 15 different Eurozone countries without having to pay transaction costs to use other currencies.”
“The Euro currency also is good news for Irish people taking their holidays in other Eurozone countries such as Italy, Spain and France.”

“Many other countries such as Poland, Estonia, Lithuania and Hungary are seeking to join the Eurozone aswell.”



“Economically, Ireland needs Europe more than ever.”


“The ratification of the Lisbon Treaty will bring about greater levels of efficiency and effectiveness in how the EU institutions will take decisions into the future. This will help to build a stronger European and Irish economy. The future economic well being of Ireland depends on the ratification of the Lisbon Treaty.”