"Looking at the euro area today, we see clearly that countries that abide by the rules of the single currency can thrive and prosper," Trichet said.

Didn't Ireland abide the rules? It was the celebrated model where EU took baltics to see and learn. What has changed?

..eurozone authorities be given "a much deeper and authoritative say in the formation of the country's economic policies if these go harmfully astray".

Ireland/baltic model to every country. These charlatans would create disaster everywhere they put hands to.