Spanish Property Insight › Forums › Spanish Property Forums › Real Estate Topics, News & Discussion › Why did Ireland bother? Don’t they have Trojan horses? › Re: Re: Why did Ireland bother? Don’t they have Trojan horses?
I don’t know why, but I’m reminded of headless chickens singing in the bath. Mrs Merkel is but a politician in a precarious coalition, who has inherited an economy based on prudent savings, and a model export-led country.
It may not be right to constantly return to a UK comparison, but we abandoned manufacturing for a service economy centred on the City. It made us rich, and if it hadn’t been for Lehmans and the recession, we would now be rich indeed.
It could still work out, the bailed-out banks are returning to profit and are repaying their borrowings with interest. We don’t have millions of empty houses and our builders are still building. When it’s all sorted, the Brits will return to Spain and help them out by buying up their empty houses.