Peadar Tóibín (Meath West, Sinn Fein) | Oireachtas source

The euro has been a disaster for half the length of its existence. One of the great political taboos is to question the euro in any way. Obviously, we have lost exchange rate and interest rate tools. As Professor Barry has mentioned, we have probably returned to a fixed exchange rate system that could come under speculative pressures. Is there a body of economists who are looking at a structured route out of the euro in this scenario that would be as safe as possible? It is the view of many economists that if Greece does not get a write-down, it will not be able to function within the euro. If that is the choice Greece is facing, it must be the case that a level of work is being done. What would be the best way? What would that path look like? What supports could the EU put in place at a humanitarian level to ensure that path is not as disastrous as it would otherwise be?