Marc MacSharry (Fianna Fail) | Oireachtas source

On the issue of economic and monetary union, Mr. Wright mentioned the difficulty Ireland faces in not having the potential to adjust interest rates and the very important counter-cyclical tool that would have offered. Does he feel that how the euro is structured and how the ECB does its business in terms of deciding where interest rates need to be and focusing more on inflation rather than economic performance in member states is a flawed approach for a small, open economy like Ireland which makes up 1% of the eurozone?