Breaking the link with sterling.

From this evenings programme Behind Closed doors on RTE, where they take a look at what the Irish government was really up to in 1978. As the Irish government have also released papers from that year. Here we are told about Ireland joining the EMS, and breaking the link with sterling, a decision that took considerable courage. There was pressure brought on the Irish by the British not to join the EMS as it would mean that Britain would be isolated. However the Irish took the decision to join, and one of the considerations to break the link with sterling was that it would prove Ireland was truly independent.