Seanad debates

Tuesday, 27 May 2003

Sustaining Progress: Statements.

 

It is interesting to watch what is happening with the euro. We all believe that people in the service industry and other sectors took advantage of the introduction of the euro. There was inflation at that stage which was driven by greed rather than anything else, and we have all paid the price for that, but we have also seen the gains. The Economist used to be dearer in Ireland than in any other country in Europe. At least that was always my view when I saw the different prices in lire, francs, Belgian francs, Deutschmark or whatever, but it is now approximately €4 in every euro country. It is interesting to make those comparisons.

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