Doomsday media coverage and the matter of the truth... A bit like the rain in a Frank McCourt novel, the bad news on the economy never stops pouring down on us. That picture of Ireland now seems firmly set in the opinion of the international media. Once the sick patient of Europe dutifully taking its medicine to help it get better, we are now, as the doctors might say, experiencing an adverse clinical event that is threatening our very life. The cure might be killing us. Last week's extremely disappointing news that the economy had contracted again by 1.2% in the second quarter added yet another symptom to the many more that erupted within just a few days: international bond market rates at record levels upping the price of government debt and therefore necessitating an even worse budget; long-term unemployment up; emigration up; 110,000 households in arrears on electricity and gas bills. The list of damaging symptoms was endless. All last week, international commentary from the Wa
Is Ireland in a new property bubble? Follow us to keep updated for 2024. We take a look at the daft property scene in post Celtic Tiger Ireland! Discover our selection of the top Irish property news and watch house price trends for Ireland and more...