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Belfast Boy

Irish Banks May Need Life-support As Property Prices Crash

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Some articles are just too good to lose in the Media thread. Thanks to the people who posted links to this.

Telegraph - Irish banks may need life-support as property prices crash - click here.

Irish house prices fell 7pc last year. The pace of decline has accelerated so far this year.

Has anyone read that quote from the Irish Independant? Is there a link?

Edited by Belfast Boy

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Found it...

Irish Independant - Wake up: there is still time to stop the slump - click here.

The establishment has pretended it's business as usual. But the mood is now changing. The Irish Independent warned this week that the country is sliding into a serious slump.

"Look at all the signs: every single one is screaming that the economy is in big, big trouble. Housing market dead, new car sales dead, consumer confidence is dead, record job losses, exporters being killed off by a strong euro, fuel prices spike, housing repossessions increase," it said.

:blink:

There is now no doubt that the collapse of the housing sector is hurting the wider economy and we are now technically in the midst of a recession.

No longer any denial down south of what is happening. Still some denial up here :rolleyes:

Edited by Belfast Boy

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Guest vicmac64

What did I not say just a few days ago - wake up the Irish Banking sector is bank****

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No longer any denial down south of what is happening. Still some denial up here :rolleyes:

Unlike us, they don't have strong fundamentals, housing shortage, or Helen Carson.

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Guest vicmac64
Unlike us, they don't have strong fundamentals, housing shortage, or Helen Carson.

Denial is a strong tool when you are in debt to the banks to the extent many in Northern Ireland are in.

I have loved NI all my life, thought it to be the best wee place on earth - but this greed disease that has gripped our society has left a once great wee place an intolerable snob riddled dump.

So roll on the HPC

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Guest vicmac64

BB and everyone sorry for getting this post back up the ratings again - but it is especially pertinent considering events in America with regards to Bear Stearns near collapse in the States. This cantagion has gotten legs! People are waking up to the fiat economy and currency fraud........ They are starting to realise that they will be robbed through inflation ,bank bail out taxes and banking insolvencies.

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  • 295 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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