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With the Irish government's bank guarantee in September 2008, the death knell sounded for Celtic Tiger Ireland. We watched in disbelief as the bubble burst: tax revenues collapsed, unemployment soared and the Irish people were made liable for huge gambles lost by bankrupt banks. Was the party over? Many factors are blamed for the financial crisis, but who is really responsible? And perhaps more importantly, why was everyone taken by surprise? What happened and how did it happen? And where do we go from here?
There is a way out of this mess, based on high standards, appropriate levels of pay and conditions, fair and efficient taxation, strict regulation in the public sector and in financial markets. Those in positions of power must share the pain. Routes to recovery are charted here, with radical ideas such as abandoning the euro, allowing banks to fail and embracing nuclear power. People in Ireland are angry and want to know the truth. This book will change your mind on many aspects of modern Ireland. Celtic Meltdown goes behind the headlines to tell the inside stories the spin doctors have covered up.
There is a way out of this mess, based on high standards, appropriate levels of pay and conditions, fair and efficient taxation, strict regulation in the public sector and in financial markets. Those in positions of power must share the pain. Routes to recovery are charted here, with radical ideas such as abandoning the euro, allowing banks to fail and embracing nuclear power. People in Ireland are angry and want to know the truth. This book will change your mind on many aspects of modern Ireland. Celtic Meltdown goes behind the headlines to tell the inside stories the spin doctors have covered up.
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