An economy rocking off course

The potential for a prolonged fall in property prices and a massive budget deficit in years to come, as well as our rejection of the Lisbon Treaty, all point towards a grim future for Ireland’s economy, says Financial Times correspondent Wolfgang Mun

5th July, 2008

The potential for a prolonged fall in property prices and a massive budget deficit in years to come, as well as our rejection of the Lisbon Treaty, all point towards a grim future for Ireland’s economy, says Financial Times correspondent Wolfgang Munchau.

For the world economy, this is surely one of the deepest crises in living memory. For Ireland, it is close to the perfect storm.

Consider for a second the sheer number...

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