Quote Originally Posted by Lyle View Post
#1 Von if we didn't recognize our debt the entire global economy would crash and then the US and China would be in a REAL war and not just dislike each other.


#2 Kirkland perhaps you could explain to me why Ireland is doing so well economically these days
Ireland was doing well economically.

The country had a massive surge in construction and development over the past ten years.
This was largely due to a surge in finance which could be attributed to smart trade by the government, entrepeneurism and in particular the use of Ireland's tourism industry.

Ireland also benefited from it's place in the European community and exploited it's green image when trading internationally.

In short, the governemnt made a great short term plan, which raised a huge amount of capital.

Unfortunately the Construction Industry is now in recess. Domestic, Industrial and Commercial construction is near a stand still, House prices are dropping and the country is undergoing an unemployment epidemic in the area of building services.

The government will now try to use the revenue that was earned and translate it into a new strategy.
So in fact the economy is buoyant, the past has ensured a bit of security for the future, but one could hardly say the economy is doing very well anymore.