What will happen to the Irish economy!?
Question by runningtostandstill: What will happen to the Irish economy!?
Posted this in the wrong area before so here we go:
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.
So what do you think, you cant say we survived it before because we didnt, Ireland never has faced the economic problems that it has right now.
In the 80s you could move to england as there was lots of work, not any more.
Best answer:
Answer by Simon G
Whatever happens, il never abandon this country
Give your answer to this question below!
You’re forgetting two things:
First of all, we have all learned quite a lot over the past twenty years about starting up and running businesses successfully. There are plenty of Irish millionaires who will continue to start up and run businesses successfully in Ireland, and who will continue to employ suitably qualified Irish people. And I think that such people with capital will look around for Irish at home, or foreigners living in Ireland, who wish to start up businesses here that emply local people, as opposed to major multinational corporations looking for cheap and educated labour.
Second of all, and perhaps the greater incentive: we have had a taste of what’s possible, and we are not going to forget that in a hurry. We have enjoyed prosperity, we will work to enjoy it again. We like it too much to let it go ….