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Fintan O'Toole Ship of Fools (Hardback)
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GBP 32.76
ApproximatelyRM 180.99
Condition:
Brand New
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Located in: GU14 0GT, United Kingdom
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eBay item number:285844103075
Item specifics
- Condition
- Brand New: A new, unread, unused book in perfect condition with no missing or damaged pages. See all condition definitionsopens in a new window or tab
- Book Title
- Ship of Fools
- Title
- Ship of Fools
- Subtitle
- How Stupidity and Corruption Sank the Celtic Tiger
- ISBN-10
- 1586488813
- EAN
- 9781586488819
- ISBN
- 9781586488819
- Release Date
- 02/03/2010
- Release Year
- 2010
- Country/Region of Manufacture
- US
- Item Length
- 162mm
- Genre
- Business & Finance
- Topic
- Social Sciences
- Publication Year
- 2010
- Type
- Textbook
- Format
- Hardcover
- Language
- English
- Publication Name
- Ship of Fools: How Stupidity and Corruption Sank the Celtic Tiger
- Item Height
- 241 mm
- Publisher
- Publicaffairs,U.S.
- Subject
- Business
- Item Width
- 162 mm
- Number of Pages
- 240 Pages
About this product
Product Information
The death of the Celtic tiger is not an extinction event to trouble naturalists. There was, in fact nothing natural about this tiger, if it ever really existed. The Irish Economic miracle was built on good old-fashioned subsidies (from the European Union) and the simple fact that until the 1980s Ireland was by the standards of the developed world so economically backward that the only way was up. And as it began to catch up to European and American averages, the Irish economy could boast some seemingly remarkable statistics. These lured in investors, the Irish deregulated and all but abandoned financial oversight, and a great Irish financial ceilidh began. It would last for a decade. When the global financial crash of 2008 arrived it struck Ireland harder than anywhere-even Iceland looked like a model of rectitude compared to the fiasco that stretched from Cork to Dublin. There was an avalanche of statistics as toxic as the property-based assets that lay beneath many of them: type= disc The International Monetary Fund was predicting that Ireland's Gross Domestic Product (GDP) would shrink by 13.5 per cent in 2009 and 2010-the worst performance among all the advanced economies and one of the worst ever recorded in peacetime in the developed world. type= disc Government debt almost doubled in a year. type= disc In May 2008, &euro13.5 million was paid for a 450-acre farm in Warrenstown, County Meath-one of the highest prices ever paid for agricultural land anywhere in the world. By 2009 the level of debt among Irish households and companies was the highest in the European Union. type= disc The country's gross indebtedness was larger than Japan's, which has thirty times the population. type= disc Between 1994 and 2006, the average second-hand house price in Dublin increased from &euro82,772 to &euro512,461-a rise of 519 per cent. By 2009 Irish house prices had fallen more rapidly than any others in Europe. type= disc With a fifth of its office spaces empty, Dublin had the highest vacancy rate of any European capital and was rated as having the worst development and investment potential of twenty-seven European cities. type= disc The Irish stock exchange fell by 68 per cent in 2008 type= disc The average Irish family had lost almost half its financial assets type= disc Unemployment rose faster than in any other Western European country, increasing by 85 per cent in a year. type= disc Ireland's bad bank, the National Assets Management Agency (Nama), which had to take over &euro90 billion in loans to developers from banks that would otherwise be insolvent holds more assets [sic] than any publicly quoted property company in the world, dwarfing giants such as GE Capital Real Estate and Morgan Stanley Real Estate, which own assets of &euro60 billion and &euro48 billion respectively.And under all this rubble lay the corpse of the Celtic Tiger. How Ireland managed to achieve such a spectacular implosion is a stunning story of corruption, carelessness and venality, told with passion and fury by one of Ireland's most respected journalists and commentators.
Product Identifiers
Publisher
Publicaffairs,U.S.
ISBN-13
9781586488819
eBay Product ID (ePID)
89705572
Product Key Features
Publication Year
2010
Subject
Business
Number of Pages
240 Pages
Language
English
Publication Name
Ship of Fools: How Stupidity and Corruption Sank the Celtic Tiger
Type
Textbook
Format
Hardcover
Dimensions
Item Height
241 mm
Item Width
162 mm
Additional Product Features
Country/Region of Manufacture
United States
Item description from the seller
Business seller information
Value Added Tax Number:
- GB 864 1548 11
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