Finance Minister Brian Lenihan recently stated that UK’s competitive devaluation of the pound is affecting the economies of countries that use the euro which include Ireland. The economic problems of the UK which lately almost brought it near the value of the euro has prompted the government to devaluate its currency. As RI has the UK as its partner in trading, Lenihan said that such a move by Britain is hurting Ireland’s economy. Less than one week ago, the Bank of England lowered interest ... Read More

I just came back from Asia this week, I have been hearing doom and gloom from all the main media sites, now I have been fairly detached from the Irish economy, as I have been living in the Philippines,  which is booming, I am quite amazed to read such things are the unemployemnt rate will reach 12% by 2010, also that house prices have slumped by 10 to 15% this year. Now after speaking to a few friends and also getting some pretty bad ... Read More