Development Goes Bust in Ireland
Sometimes it can be hard to get away from home. Headline in the opinion section of the July 3 Irish Times we picked up in the Dublin airport: “Brought to our knees by bankers and developers.” It was a scathing piece by one Morgan Kelly, identified as professor of economics at University College, Dublin, documenting in exhaustive detail the relationship between Ireland’s building boom and its current disastrous economic bust. -more-