Come on. Really? No-one seen this coming even a little bit?
A few years before the recession began Ireland was doing extremely well. The Celtic Tiger was on the prowl. The property market was booming, business was flourishing and Guinness was more expensive than ever.
Then, in what some are labelling a shock everything comes tumbling down. Ireland needs bailed out.
Yes. You read that correctly. Ireland. The country! Not an Irish Institution…the country.
Ireland had (and rightly so in my opinion) been riding the wave that it had experienced before the recession. The problem is they thought they were better surfers than they were! They financed their rapid economic loans with money from all over – mainly RBS it seems Perhaps, even, with the best intentions of being able to pay them back in a timely fashion.
It will be very interesting to see what unfolds from the IMF, EU and UK in the next few weeks. One thing is for sure though, Mr Osborne and the nation of Ireland is in for a fair tumultuous Christmas.