Their unemployment is around 13% which means that it is more likely really around, say 25%.
There is a housing crisis with many homes unoccupied. The Irish are a little behind the curve with massive foreclosures, that is their near future not the present.
There is the sense that people are very upset with the government and the business community. One wonders if there is a neo-conservative movement brewing or already in place. You would have to think yes.
Young people are leaving the country seeking employment overseas. Many of our young talented people are now in China.
And then there is the deficit...
CS Monitor: Ireland bailout: Young Irish flee 'Celtic Tiger' for a better life
Ireland will likely have to raise taxes and cut public services, including the unemployment benefits and, according to some sources, retirement pensions that many are now relying on.
...unemployment is now above 13 percent...
...the Irish landscape is now littered with so-called "ghost estates"...
...280,000 homes are unoccupied in the country, 23,000 of which are new homes that have never been lived in.
...widespread foreclosures have not yet begun.
3 comments:
Sad.
The country was booming and now its busted. I wonder who took the money...
Ask Lloyd Blankenfein and Jamie Dimon and the rest of the Wall St. Banksters if your looking for the missing wealth of the world. These guys made out as they like what they are a bunch of fucking bandits! So, what does Barry "Herbert Hoover" Obama say about it? That Llyod's a really smart business man. Dumb fuck doesn't know the difference between a good business man and a pirate for Christ sakes! Yea,if that's the standard then friggin Blackbeard was a great businessman as well , he just should have worn a business suit. These days half or more of the boardrooms of Major Corps. are nothing more then criminal conspiracy s in action. But God forbid you should get caught driving while black or jay walking they throw the friggin book at u! That's what law and order has broken down into these days. A sham!
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