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  Yes once again its the Banks at fault...although just to be Devils Advocate here for a moment...when you think about it, werent they just loaning out large sums to all those poor sods who wanted homes of their own. Much as what happened in the US, though once the whiff of recession hit, people lost their jobs and obviously couldnt pay the loans back.
  
  The banks stopped lending then immediately and all the builders stopped building as there was no money washing around the economy from the banks and as a consequence the modern era of the Irish ghost town was born. Buildings lie abandoned all over the place. Housing schemes, office blocks.
  
  The Irish Government were first in Europe to guarantee all the loans outstanding to the banks. This has been a tall order and they were/are unable to deliver on this promise.

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