Economic boom: Can it last the pace?

In an estate agency on a Saturday morning, a colleague eavesdropped on a couple discussing the prospects for Irish house prices.

18th February, 2006

In an estate agency on a Saturday morning, a colleague eavesdropped on a couple discussing the prospects for Irish house prices. Concerns about the Irish economy voiced by purchasers viewing a small suburban home valued at €1.5million are not unusual.

But the colleague was startled when the couple went on to identify the threat of the US current account deficit and the potential collapse of the dollar to their prospective transaction.

The concerns of...

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