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

The eurozone is built such that there are major productivity differences between countries at the periphery and the core. Money is obviously generated by those at the core. As those at the core need somewhere to deliver the money, credit is created to be accessed by those at the periphery. The inherent imbalance within the system will repeat itself because, as Mr. McCarthy stated, the eurozone does not have the transfer mechanism that is available in an actual currency union such as the United States.