Tuesday, Aug 12, 2008
this article compares the worst with the UK...
Yahoo: The Worst Place In Europe To Invest
The causes were basically the same as they were in the UK market: over-inflated house prices, over-borrowed consumers, and spiraling energy costs. A couple of factors, though, have accentuated the problems in...................
Posted by mark @ 11:07 AM (469 views) Add Comment
1 Comment
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1. icarus said...
Financials accounted for 46% of the value of the Irish Stock Exchange in February 2007 (27% in the UK) and Irish banks are highly exposed to the residential and commercial property markets. Sounds like a recipe for disaster.