Is that really a serious question?
The only reason we didn't go exactly the way of Iceland was because of the Euro. Who, if not the ECB at the behest of the Germans, would have bought our Govt. paper over the last 18 months? We trade more with the EU than we do with anyone other than the UK.
We would have have inflation about 4 times higher had we been out of it over the last decade and hyper inflation in the last year. Remember prior to the Euro in the time of the ERM speculators just picked off countries one by one, even countries as big as the UK.
There is absolutely no future whatsoever for a small country like ours outside of a large currency union.
I asking the question, as i dont know the answer.
But the main point about having the Euro in my eyes is so that we can trade with our Euro counterparts,
but i know Ireland (well 3-4 years ago) exported 90% of its products to the USA.. thats an overwhelming figure.
Our econemy is losing out to cross border shoppers by the bucketload, and since the inflation went sky high after the 90's we lost our competitive edge, thus lost our one of our distinct advantages over our mainland friends of attracting multinational export led companies. Dell has mostly gone now, Dell alone contributed 6% to our GDP.. that is a massive figure, and we cannot make that up in the near future... we also cannot attract a company of Dells stature to set up their huge production plants here either, as its not affordable to them, there is no reason to come here anymore for a semi skilled..
So it is a serious question, and there are serious arguments to both sides.
If you look above to my comment about Sweden, and their building crises and economic crash in '93, they were able to recover quickly as they could devalue their currency by 40%, and get competitive once again albiet at a reduced level. but they were quickly were on the way up.. we are still trying to turn the corner, and we cannot get competitive again without lowering wages & losing jobs.
I honestly dont know whether we should be in the Euro, I was always a fan of it, but I need to see the positives and the negatives of it.