TWELVE years after the Irish property, construction, and economic crash, work is finally set to start on the very first non-student apartment development of any scale in Cork City in that time period, in an investment put at €40m.
Isn’t karma a funny thing? For the last few years the people of Greece have had to endure insufferably patronising moral lectures from Germany about how dysfunctional Greece is and if only it was more like Germany, life for Greeks would be so much better.
READERS may well have found the novel that captures the spirit of Ireland’s post-Celtic Tiger recession in Paul Murray’s The Mark and the Void, set in Dublin two years after “the collapse of Lehman Brothers finally ignited the bonfire that was the Irish economy”.
The government’s chief legal expert during the crash has confirmed that officials were “constantly” discussing five specific ways to cope with crisis from November 2007 and knew the risk was “systemic” from April 2008.
Central Bank governor Patrick Honohan made his infamous RTÉ call confirming a bailout to quell “alarm”, despite claims it was to “undermine” the Government’s position and help a de facto ECB “financial coup d-état”.