In Ireland, There’s an All-Too-Familiar Gloom (NYTimes)
Peter Macdiarmid/Getty Images
BOOM, BUST A housing bubble fed Ireland’s boom a decade ago. Now uncompleted houses sit beside finished ones in Dublin.
By GRAHAM BOWLEY
Published: December 4, 2010
Just about the time Ireland joined what was then the European Economic Community in 1973, Fintan O’Toole ran with the other teenagers around his public housing complex in Dublin, joyously reciting, “We are into Europe!” Playing on the title of a popular television show, they were celebrating the riches in European agricultural support that would now begin flowing to Irish farmers.
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It was the start of a European journey that over the next three and a half decades delivered a transformational boon to the mainly rural economy of Ireland, a small country long overshadowed by its former overlord, Britain. With it came a brasher new identity and a new sense of political independence, as Ireland took its place in the constellation of European nations.
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