Ship of Fools: How Stupidity and Corruption Sank the Celtic Tiger. Fintan O'Toole

Ship of Fools: How Stupidity and Corruption Sank the Celtic Tiger



Download Ship of Fools: How Stupidity and Corruption Sank the Celtic Tiger



Ship of Fools: How Stupidity and Corruption Sank the Celtic Tiger Fintan O'Toole ebook
Publisher: PublicAffairs
Page: 240
ISBN: 9781586488826


The death of the Celtic tiger is not an extinction event to trouble naturalists. There was, in fact nothing natural about this tiger, if it ever really existed. The “Irish Economic miracle” was built on good old-fashioned subsidies (from the European Union) and the simple fact that until the 1980s Ireland was by the standards of the developed world so economically backward that the only way was up. And as it began to catch up to European and American averages, the Irish economy could boast some seemingly remarkable statistics. These lured in investors, the Irish deregulated and all but abandoned financial oversight, and a great Irish financial ...

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