Daft Property - Irish Property News

Bailout will sink Ireland before we can even swim... Foreign banks and creditors should lose everything they gambled on the likes of Anglo, but instead, they have been saved by the taxpayer Make no mistake about it, this 'bailout' will sink Ireland. We are witnessing a monumental struggle between the innocent average Irish person and the guilty creditors of the bust Irish banks. Interestingly, the financial markets have seen through what the Government and the elite are trying to do and have reacted with ferocious negativity to the Irish deal. The markets realise that the Irish State is not bust; rather the Irish banking system is bust. Therefore, rational people can see that any deal which is framed to give Ireland a chance has to sever the link between the bust banks and the solvent State. However, far from severing the link, the deal solders the link between State and banks, making the Irish Republic itself little more than a bust bank. The rest of the world has twigged that...

Recession: the bad luck of the Irish... It was once hailed as the best place to live in the world. Now it’s in the grip of a terrifying economic storm. Could Ireland be the first euro country to go bust? In Ireland, the biggest funerals take place in the smallest churches. St Mochta’s, on Dublin’s western fringes, is little bigger than a front room. So many mourners turned up for the funeral of Patrick Rocca that they spilt out onto the pavement. Anyone who is anyone in modern Ireland was there, huddled together under a sky the colour of a day-old bruise. Politicians, pop stars, billionaire developers, horsemen and the sporting elite. Even the paparazzi. Rocca would have liked that. The 42-year-old was the self-styled poster boy for the new, resurgent Ireland, with a glamorous wife, private planes and helicopters, and a property business worth, at its peak in 2007, €450m. But one morning in January, he snapped. The first sign that anything was wrong was when neighbours saw him walking ...

"Luck and the Irish: A Brief History of Change 1970-2000" is a book, by Roy Foster, that looks at the development of the Celtic Tiger... "Cuddling Up With the Celtic Tiger" ...is a report by Adam Kirsch, on the New York Sun, which gives an interesting American 'take' on "Luck and the Irish: A Brief History of Change"... "When you consider how large a place Ireland occupies in" the Americian "cultural imagination, it's astonishing to realize how small a country it really is. Its current population is slightly more than 4 million; more people live in the boroughs of Brooklyn and Queens than in all 26 counties of the Republic of Ireland. If the island seems to loom like a continent, the reason is, first of all, the Irish emigration that did so much to shape America in the 19th century. According to the Census Bureau, some 34 million Americans claim Irish ancestry, more than any other nationality except German. But you don't ha...