Archive for January, 2009

Now that even last year’s cheerleaders have accepted that the Irish boom was more or less ‘hot air’, inflated by easy credit, there is little point in going over the rights and wrongs of what happened. The case is clear: an economically challenged government, perniciously influenced by the interests of the housing lobby, blew it. The entire Irish episode will be studied internationally in years to come as an example of how not to do things.