The fake wealth of a nation

Fitch’s reports from February and September 2006 gave clear warning signs of the crash that was coming Ireland’s way

17th April, 2010

I remember the moment in July 2006 when Bank of Ireland reported that Ireland was the second wealthiest of the top eight OECD nations, ahead of Britain, the US, Italy, France, Germany and Canada.

The reason I remember it so clearly is that my husband read the story on the French teletext service while we were on holiday in France.

The story of the rise of the poor Irish to take their place among the wealthy...

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