Daft Property - Irish Property News

'FOR God's sake, Sarge, say something, even if it's only goodbye!" The old joke about the platoon of soldiers about to march over a cliff carries relevance for a Taoiseach and a Government out of step with everybody else and refusing to acknowledge the proximity of the cliff. For much of the last week, the story of Ireland's trouble has jostled for prominence in the headlines with massive world events. It has preoccupied leaders at international conferences. It has filled the pages of the 'Financial Times' and attracted the attention of the media in Europe and the United States. It has provoked comment, almost unanimously gloomy, from leading economists. But "Sarge" has had nothing to say beyond a reassurance that we have enough money in the kitty to last us until the middle of next year. After that, who knows? At any rate, Sarge thinks the cliff is a long way off. Brian Cowen is reportedly "furious" about the reports that we may seek to...

Our economy has 'fallen off a cliff'... Ireland's economy has "fallen off a cliff" and is in the grip of the worst recession in its history as new figures reveal it has shrunk by almost 25 per cent from its peak. A loss of nearly one-quarter of the country's domestic trade in such a short period of time is seen as a catastrophe. The domestic economy, the day-to-day business of trading, has been decimated and business leaders have called on Finance Minister Brian Lenihan to follow the lead of the British, who put small businesses at the heart of their economic recovery plan. According to the new figures, since the peak of Ireland's economic wealth creation in the first quarter of 2007, Ireland's economy has reduced by a frightening 24.27 per cent, far higher than previously thought. While the main political agenda was last week dominated by Taoiseach Brian Cowen's reshuffle, focus will next week return to the state of the country's finances, wit...