ah, b’jesus
If you think we’ve got it bad spare a thought for the Irish. Following the banking collapse of 2008, people joked that the only difference between Iceland and Ireland was one letter and a few days. This, as it turns out, may well have been too kind! The Irish economy has been all but wrecked. The Celtic Tiger has witnessed its GDP fall by 17%, representing the deepest and swiftest contraction of any western economy since the Great Depression of the early 1930s. The Irish Government has revealed that the cost of bailing out its stricken financial sector will rise to the tune of £39bn, with some £25bn alone going to the lax lending and profligate Anglo Irish Bank. Supporting […]