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  Ireland boomed for years in the EU. They hit the high times and their economy roared ahead earning the nickname Celtic Tiger. Alas the global banking crises put paid to the boom and once everything began to quake the economy went down like a pack of cards in Ireland.
  
  So much of these economic good times are just based in belief...in confidence...if the markets are confident everything rattles along well. But once confidence is lost you are in big trouble.
  
  The Irish Banks were badly hit, even worse than here...the American shockwave really hit them. I have a few bob in the banks over there and for a while it looked as though the few bob was to be scattered on the four winds. However the day was saved by the loans from the EU and Britain.
  
  There is now a failsafe idea embedded in the EU constitution to protect against these hard times in future...so I understand anyway.It seems the Euro will continue too.

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