Irish Economy Goes into Recession

posh*spice

It's official

MrDT

Beat me to it!

I guess it's inevitable that we'll soon follow.

leftieM

It can't be! My mother, who works in Ireland, says that business is booming! She's never had so many clients seeking out her services!













Mind you, she works in the dole office. A truly recession-proof job :cool: .

mewbie_2

So that's the peace dividend spent. Back to the Troubles now I guess.

Seriously, I hope for all their sakes that they can get through the coming crash without tearing the country apart again.

GDB2222

mewbie wrote: »

So that's the peace dividend spent. Back to the Troubles now I guess.

Seriously, I hope for all their sakes that they can get through the coming crash without tearing the country apart again.

This is the ROI they're talking about.

mewbie_2

GDB2222 wrote: »

This is the ROI they're talking about.

Good point. I had assumed the whole of Ireland. My bad. However, given that Eire is more financially sound than the North, let's assume the whole place is going down the tubes. The Troubles will never go away, not after 300 years, so once there are idle hands and resentment...

kennyboy66_2

mewbie wrote: »

So that's the peace dividend spent. Back to the Troubles now I guess.

Seriously, I hope for all their sakes that they can get through the coming crash without tearing the country apart again.

:rotfl::rotfl:

Pobby

I have customers, both in the south and the north. All are finding it hard going. Have you seen the hpi in both sectors. It`s alarming, wages are also pretty poor. This comes as no surprise.

kennyboy66_2

Pobby wrote: »

I have customers, both in the south and the north. All are finding it hard going. Have you seen the hpi in both sectors. It`s alarming, wages are also pretty poor. This comes as no surprise.

House prices in the Republic are as over-valued as the UK (perhaps more), however average earnings are higher in the Republic than the UK!

leftieM

mewbie wrote: »

So that's the peace dividend spent. Back to the Troubles now I guess.

Seriously, I hope for all their sakes that they can get through the coming crash without tearing the country apart again.

The level of ignorance that I see in relation to Ireland always surprises me.
Seriously, do people in the rest of the UK learn anything about Ireland and why Northern Ireland is still part of the UK?
It seems to be pretty common to encounter people who
a) think that Ireland is all the one political entity and
b) don't know that NI is part of the UK.

mewbie_2

Actually I find that a bit insulting myself. I read the headline Irish whatever, and assumed it meant the whole of Ireland - N.I and Eire. Sometimes Ireland means the whole country, sometimes not. I made a mistake, easily done.

But let me assure you I don't need lessons on Ireland, or Eire, thank you very much, as someone with proud Irish ancestry, a love of that country, and a sympathy for its inhabitants.

My point, for those who can be bothered to listen, is that poverty breeds terrorism. And a country that has been fighting for 300 years can easily slip back into the old ways.

Maybe some of us with Irish roots, don't need to separate the country we love. The British managed that a long time ago.

So I'll just call it Ireland, if thats all right with you.