Ireland’s Austerity ….A Role Model for Others? December 31, 2012Posted by irishelectionliterature in Economy.
Having read Eilis Lawlors guest post here on GDP… I Could hardly believe my eyes when I saw the headline “Comeback for the Celtic tiger” on the site of German Broadcaster DW.
Comeback for the Celtic tiger
Which begins with the introduction….
Two years ago, Ireland almost had to declare bankruptcy. Having implemented strict austerity measures and reforms, it now looks set to rebound – as a role model for others?
Its interesting to see how the story of our Austerity and Financial crisis is being pedaled abroad, especially in Germany. The article is full of stuff to make your blood boil….
I’ll just give the one example from Holger Erdmann of the German-Irish chamber of commerce in Dublin.
Erdmann agrees that there has been neither impoverishment of large segments of the population nor a large number of protests. “On weekends, actually starting from Thursday, it’s hard to even set a foot into bars or restaurants here in Dublin. Sometimes one really wonders: where is this economic crisis,” he said in an interview with DW. But “of course there are groups in society that are marked by unemployment. Some households had purchased property at the peak of the housing boom and later lost 50 percent of its value. They are now unable to pay their mortgages.”
As for who are DW?