Hello ... from Ireland, page 1
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reply posted on 21-2-2009 @ 04:12 PM by MOFreemason
reply to post by stannis


Stannis...a friendly welcome from the US.

I'm curious to know after Ireland has been able to be quite proud of their emerging-economy over the past decade, how things have turned-out recently?


reply posted on 21-2-2009 @ 04:18 PM by stannis
Originally posted by MOFreemason
reply to post by stannis


Stannis...a friendly welcome from the US.

I'm curious to know after Ireland has been able to be quite proud of their emerging-economy over the past decade, how things have turned-out recently?


Thank you.

In the last year the economy here has crashed. Things are bad and getting worse. We have gone from a situation of long-term boom and low unemployment to spiralling debt levels, severe budget cuts and lengthening dole queues. It could be years before the economy recovers.

I imagine that things are similarly bad in the US? Especially after massive bailouts that will further indebt the treasury, maybe to breaking point? I guess it's "damned if you do and damned if you don't"; inaction could be as bad as a huge bailout, but I suspect that the US government has taken the wrong action.

Sorry to sound so gloomy, but these are gloomy times

[edit on 21/2/2009 by stannis]

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