The way Ireland does it's growth figures mask the real situation. It includes the multi nationals business in it but there profit is then taken out so when the mention the GNP it looks like there is growth, but minus the profit been moved to America and going on the GDP figures growth fell again in Ireland. Prices in state run businesses are alway on the up while the government are tell retailers to lower the price, welfare costs are too high, public workers paid too much, doctors, judges, quangos you name it paid way above the norms of the EU, a ambulance driver here gets paid the same as a qualify doctor in Germany. A family with three children are nearly as well off as a family that works, so imbalance is starting to become a issue.
The biggest mistake ever was After Lehman bank failing was that the grand masters in Europe said that no bank in Europe must collapse, the putting on tax payees backs private debt and turning it into sovereign debt was a total mistake. The refusal to print more money was also not the correct plan either, America and England silently devalued their debts by doing this , and this would have helped the crisis in the EU. If the Irish government printed bonds and sold them for 100 euro a pop, I wouldn't touch them, the EU is buying up the bonds trying to reassure the markets that the bonds are saleable but this is exactly what they did before Greek ,Irish and portugal bonds, and look where that has led us. At this stage I would welcome the euro collapsing , it has tried to create a empire and like most empires it can't last, too many non elected people, the liberal HCoHR giving out ridiculous judgements and anti emigration feeling, along with counties needing to be bailed out by other country's just to safe guard the lathers own banks follies is creating a prefect storm ending.