{"id":188149,"date":"2010-12-01T22:39:00","date_gmt":"2010-12-02T03:39:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2010\/12\/01\/the-root-of-the-irish-economic-problem\/"},"modified":"2010-12-01T22:39:00","modified_gmt":"2010-12-02T03:39:00","slug":"the-root-of-the-irish-economic-problem","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2010\/12\/01\/the-root-of-the-irish-economic-problem\/","title":{"rendered":"The Root of the Irish Economic Problem"},"content":{"rendered":"<p>So, they have cut a deal for the <a href=\"http:\/\/www.bbc.co.uk\/news\/business-11831935\">Irish to cut their own economic throats<\/a>, but I think that all the commentary misses the big picture on the Republic of Ireland. <\/p>\n<p>Before the boom, Ireland was a 3<sup>rd<\/sup> world country that happened to be a part of the EU. <\/p>\n<p>At the height of the bubble, Ireland was a 3rd world nation that was part of the EU, and part of the Euro zone, which drove a speculative frenzy being driven by massive foreign cash flows. <\/p>\n<p>It was still, and remains, a 3<sup>rd<\/sup> world nation that was a part of the EU. <\/p>\n<p>To be fair, it might better be called a 2-\u00be world nation, but still&#8230;..<\/p>\n","protected":false},"excerpt":{"rendered":"<p>So, they have cut a deal for the Irish to cut their own economic throats, but I think that all the commentary misses the big picture on the Republic of Ireland. Before the boom, Ireland was a 3rd world country that happened to be a part of the EU. At the height of the bubble, &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1038,973,984,1004],"tags":[],"class_list":["post-188149","post","type-post","status-publish","format-standard","hentry","category-budget","category-economy","category-europe","category-finance"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/188149"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=188149"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/188149\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=188149"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=188149"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=188149"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}