These are interesting times. As Ireland prepares to vote on the Fiscal Treaty and the new French President insists the treaty must be renegotiated, Greek voters sent a message to politicians by moving away from those parties that advocate austerity.
Against this background, the European Central Bank and Eurozone ministers appear to be 'talking up' Greece's exit from the single currency. It is interesting that it was an Irish banker, Patrick Honohan, who highlighted this weekend that although the Lisbon Treaty does not address the scenario at all, it is still technically possible for a country to abandon the Euro.
So now, as if the economic crisis was not bad enough, the inadequacies of Lisbon are being factored into the equation.
