So we know Ireland is bust. We know it is being bailed out. But the lies go on. You see, unlike Greece, Ireland is a friend of the Euro and the Lisbon treaty. It is a friend of the Americans, Dell and HP and all those fund administrators that look after the Hedge Fund industry. In 1970 it was poor, lame and dead. A few EU grants later and Ireland became one of the richest countries in the world pumping out U2 and Westlife and HSBC Securities Services.
The real estate bubble has truly popped and it was full of crap. Like the Irish politicians who live in their Irish estates now worth less than a Caddy's hourly pay.
Of course I am accused of being Mr Grumpy. I am nothing on Morgan Kelly (independent.ie) who makes Dr Doom look like Mr Happy.
The Irish Punt (wikipedia)
Ireland to be bailed out by tea time.