Can Ireland seriously survive a recession.?

Most people remember that there was NO prosperity in Ireland save for a few corupt people prior to the 90s.

With the Celtic Tiger many people were trained and got jobs because companies had to do that to get staff. It was boom boom boom, lots of jobs, houses went up, prices rocketed. People bought holiday homes abroad etc etc.

No prior to this Ireland was a third world country with massive unemployment, for example in 1988 you could get a 4 bed house in dundrum on dublins south side for around 50k, 20 year later they are close to 800k.

So with American companies cutting back and looking for what ireland once was (a cheap, english speaking workforce with good subsidies) in other locations what will happen to Ireland.

You can not say that we survived this before because we didnt, Ireland would never have had the celtic tiger without Europe (who are pissed at the Irish over the lisbon treaty) and America (who are in their own mess) so its unlikely that there will be another celtic tiger.

What do you seriously think, I dont think it will be 2010, I think it could not come back, if other American companies like Intel, Ebay and the biopharmas move that will be it.
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Thats the thing, the only reason that people bought houses and the only reason that people had new cars was the abundance of US jobs and the ancillary industries to support them.

Unlike the UK, Ireland doesnt have any industries. Its a terrible situation.