Question about the irish recession?

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Eamonn S

It is my belief that it could get much worse. As an expatriated Irishman, and a product of the eighties who goes back and forth, I have found that the Irish of today vested everything in this Celtic Tiger economy and now when it's all coming to a head they are on their knees looking for more help. I have never seen more dole men living in mansions in all my travels. Perhaps because most governments wouldn't put up with, perhaps when they realize that their lame duck economy was fueled by American and European monies they may not be so harsh on the so called foreigners from Poland and the like, if not for them willing to do the menial tasks nothing would get done, certainly not by an Irish dole-man. This will take some time to recover from and Ireland more so than any other European country as it gave up it's home industry, farming and fisheries. I would hope that the Irish would get the courage to, instead of electing some pie in the sky government, elect a government that would provide for a more secure future, however I don't see this happening as their spoiled rotten children feel more entitled than responsible.

bluebell

It hasn't affected me yet, but fingers crossed because it seems to touch every town in the country. This morning on today's newspaper
http://www.independent.ie

UP to 25000 jobs were lost in the tourism industry last year and the prospects for 2009 are gloomy, new figures show.

The number of companies reporting serious financial difficulties has risen by 104 per cent. Figures from financial advisory firm FGS show that 753 firms went into liquidation, receivership or examinership during 2008.

* * * *
Before Christmas, someone in government estimated 2000 jobs a week were being lost. Yesterday 1900 in one firm alone. Just imagine 2000 or more extra people signing on the dole each week. There soon won't be enough funds to pay them. So what then? It's scary.

From the evidence so far, it looks like it will continue to get worse before it starts to get better. For a lot of families, they don't have much to look forward to. Wish I knew a definite way to avoid being caught too.

John H

This could be a lot worse. Even during the 80s there was many low-skilled jobs available to Irish in the South East England. Now most of those jobs are gone to new immigrants there.

There has actually been more de-industrialization since the mid 90s so the native manufacturing base hardly exists.

The fishing industry is all but gone thanks to the EU common fisheries policy.
Small and medium farmers are finding hard to struggling due to international trade agreements and the low prices paid by supermarket chains for their produce.

There is massive competition in the low-skilled sectors from immigrants that the employers prefered even when time where 'good' now they provide a potential for a black market both for foreign and native labour will drive standards of living down for the already struggling.
Social spending has had to incrase to cater for the cost related to such a high rate of immigration at the expense of society at large.

Social cohesion has been systematically undermined in the past two decades by such forces as the undermining of the Church as a moral authority, mass and excessive immigration and growing social division between the 'winners and losers'.

Public alienation from the establishment has never been greater as demonstrated by the Lisbon treaty ref result.

The whole scenario is a disaster that the Ahern era will become notorious.

John H

Ireland is in big trouble thanks to the entire selling of its soul to the globalista agenda.

Gargamel ,you appear to be a ranting Hibernio-phobic bigot using the trumped up PC charge of 'xenophobia' as a stick to beat the Irish with.

If the Irish people are going to have a decent future it's going to be by having the country ran by leaders with the interest of its people at heart and NOT by taking cod-economic and spurious вЂmoralвЂ™ lectures from demented 'Heart of Lothian' season ticket holders

Jung would have had a field day with you.LOL

Leaine Ni Loingsigh

I don't think it's expected to be as bad as the 80's.
In my opinion it's being a bit hyped up by the media to scare people.
Did we honestly expect the Celtic Tiger to stay around forever?

deburca98

I bet FG and labour are glad they did not win the election, they will get at least two terms next time around,
FF were told for years by richard bruton to save money but they mortgaged the country and now have to reap the results.

Orla C

I doubt very much that it'll be back to the state it was during the eighties. We have come too far for that.

It's likely to get worse before it gets better, I'm afraid. But I do think that this is a serious wake-up call, given just how extortionately expensive Ireland became, compared to other EU countries which have been far richer for far longer than us (such as the Netherlands). People in Ireland got greedy, took out huge loans, got into the whole display of conspicuous consumption thing. It's time we were reminded of the values of living frugally.

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