Book in the Media - Celtic MeltDown

Title: Celtic Meltdown: Why Ireland is Broke and How We Can Fix it by Author: Cearbhall O Dalaigh
Paperback: 304 pages
Publisher: The Collins Press (1 Jul 2009)
Language English
ISBN-10: 1848890125
ISBN-13: 978-1848890121
Product Dimensions: 19.4 x 12.8 x 2.4 cm
Product Description
With the Irish government s bank guarantee in September 2008, the death knell sounded for Celtic Tiger Ireland. We watched in disbelief as the bubble burst: tax revenues collapsed, unemployment soared and the Irish people were made liable for huge gambles lost by bankrupt banks. Was the party over? Many factors are blamed for the financial crisis, but who is really responsible? And perhaps more importantly, why was everyone taken by surprise? What happened? How did it happen? How can we prevent similar crises from happening again? Where do we go from here? There is a way out of this mess, based on high standards, appropriate levels of pay and conditions, fair and efficient taxation, strict regulation in the public sector and in financial markets. Those in positions of power must share the pain. Routes to recovery are charted here, with radical ideas such as abandoning the euro, allowing banks to fail and embracing nuclear power. People in Ireland are angry and want to know the truth. This book will change your mind on many aspects of modern Ireland. Celtic Meltdown goes behind the headlines to tell the inside stories the spin doctors have covered-up.
About the Author
Cearbhaill O Dálaigh, from Kerry, emigrated to America in 1970 and returned to Ireland 1978. He invested in and worked in the tourism and fishing industries and sold those interests in 1990. He then worked with the EU-TACIS programme in early 1990s. From the mid 1990s to 2007 he was a sub-contractor in Irish construction industry. His interests lie in economics and Irish politics.
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