The EU must rethink Ireland’s deal

Commentary feature. Loans required by states following breaches of limits on budget deficits must have a penalty but it should not be punitive, writes Peter Sutherland. The writer is Chairman of Goldman Sachs, a former EU Commissioner and Ireland’s former Attorney-General.

ESO: Background information: Europe wary of rethink over Irish bail-out http://www.europeansources.info/record/europe-wary-of-rethink-over-irish-bail-out/

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