The fifth Irish austerity budget has been launched. (The one that the German parliament saw first. See Blog 5 November 2011.) After 4 years of austerity, Ireland now has a bigger debt to repay than it started with. A large part of the debt is for two banks that have now been closed.
The Irish government is the biggest property owner in the country. It bought all the devaluing property that the speculators had bought up in the boom.
1000 emigrants are leaving Ireland every week.
Change your society - or change your location?
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