Quote:
Originally Posted by afc wimbledon
If you mean going from subsistence level farming to selling a few bags of potatoes I will give you that Ireland's economy increased but as a country Ireland has been a disaster, through most of the last century it had 13% emigration rates there was so little work!
It had no manufacturing to speak off, it has been perennially theorist least developed country in Northern Europe, it's only salvation was joining the EU.
|
The Republic of Ireland created a false economy. They borrowed money like it was going out of style. They attracted multi-nationals with near zero tax rates (Oracle, Seagate, etc). They are now forced to pay the piper. They will be paying for a long, long time to come.
Agreed with afc wimbledon without the EU, this frivolous spending could not have occurred.