"Ireland Risks Becoming A 'Feeder Nation'" by Jamie Dunkley and Emma Rowley at business insider

[applegrove]

Ireland Risks Becoming A 'Feeder Nation'

by Jamie Dunkley and Emma Rowley at business insider

http://www.businessinsider.com/ireland-risks-becoming-a-feeder-nation-2012-9

"SNIP......................................................

Ireland is destined to become a “feeder nation” that is reliant on money being sent home from workers abroad, a leading hedge fund has warned.

Toscafund, the London-based investor founded by Martin Hughes, said an exodus of Irish nationals abroad will hit the country’s economy over the next decade – dashing hopes of a return to the “Celtic Tiger” economy that fuelled growth in the lead-up to the financial crisis .

By 2020, Toscafund said Ireland’s population could be back where it stood in 2004.

Savvas Savouri, chief economist at the hedge fund, said: “The departure of Irish nationals as well as those who migrated to the Republic during more favourable economic times will pull down consumption levels and real estate prices.

........................................................SNIP"

[applegrove]

1. Let us not forget that Ireland was the neoliberal example of a perfect economy

Last edited Sun Sep 30, 2012, 02:00 PM - Edit history (1)

back when Bush was in power.

[tama]

2. Neoliberals and neocons

Outside DU, or at least in Europe, people usually mean by "neocons" the blatant military imperialism of the small Straussian cabal behind bush. Neoliberalism, of which Ireland was considered model example, refers to Friedman, Reagan, Thatcher class war thingy that both Democrats in US and social dems in Europe have adopted, continued and intensified.

[applegrove]

3. I will correct it.