Re: Ireland in recession for first time since 1983
The recession in the Irish economy is closely linked to the burst of the bubble of the construction market which, as in the case of Spain, it has seen an artificially and extremely high boom in the last years due to the growth in immigrant population. This has also lead to an artificial increase in house prices and, consequently, a high rise in inflation. The crisis is served and it can reach the levels of a depresion.
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'Dardanidae duri, quae uos a stirpe parentum
prima tulit tellus, eadem uos ubere laeto
accipiet reduces. Antiquam exquirite matrem:
hic domus Aeneae cunctis dominabitur oris,
et nati natorum, et qui nascentur ab illis.'
We can easily forgive a child who is afraid of the dark; the real tragedy of life is when men are afraid of the light.
–Plato–
'Many people, I believe, wish for a society where faith, decency, pro-life convictions and national self-determination within Europe can flourish; and not be swallowed up in a dictatorial EU bureaucracy.'
–Gerry McGeough, Irish Nationalist and POW–
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