Tuesday, 20 January 2009

Ireland Becoming Euro-Crash Detonator

click here to go to the blogOnly three years ago a taxi ride in Dublin would be met with some comment from the driver such as this - 'You Brits made a big mistake not going with the Euro, didn't you?' The Irish were universally exultant at the effects of the unstoppable property boom that joining the Euro had brought them. Even then two generation 40 year mortgages were being enthusiatically taken out, and all believed that wealth beyond anyone's dreams could be had merely by being a solid EU and eurozone member.

Posted on The Tap Blog