End of the road for Ford in Cork [video]

There was an air of optimism when Ireland took her place in the EEC on January 1, 1973, writes Miriam Nyhan Grey.

End of the road for Ford in Cork [video]

The country’s recent boom years were coming to an end. The impact of the oil crisis in 1973 was significant for a country that depended on imports for almost three-quarters of its energy requirements.

The knock-on effects on the balance of payments and inflation were severe and reflected, yet again, Ireland’s susceptibility to external economic pressure.

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