Verified Document

Ireland's Next Blow Could Be Article Review

Then, the demise of the real estate industry brings about the demise of the linked industries, such as the automobile industry, the furniture industry, the home electronics industry and so on. The demise of these industries would translate into the bankruptcy of numerous economic agents, the loss of jobs of millions and people, with the direct impact of a growing socio-economic problem of unemployment and the subsequent pressures of the federal budgets. Specifically, the Irish budget would have to support more and more people living on social welfare, rather than wages. Basically, if the second wave of the real estate crisis hits Ireland at the degree estimated, the country would deepen in the financial crisis.

The Irish regulators are intensifying their efforts to reduce the risk of credit defaults. Two relevant examples in this sense are constituted by the obligation of banks to wait 12 months before they seize the property of the debtors, and the recent decision of the...

Critics however argue that the measures are not able to resolve the problem, and that in fact, the mortgage situation is a suspended crisis and that the governmental measures are only really postponing the problem, not dealing with it (Enrich and Forelee, 2010).
Overall, David Enrich and Charles Forelee produced a well written and interesting piece of reading. It broadens the vision of the reader by presenting a glimpse into the different problems of a different country fighting with the same crisis. It is also written in a common language which makes it accessible to both economists as well as novices.

Reference:

Enrich, D., Forelle, C., 2010, Ireland's next blow could be home loans, Wall Street Journal Online, http://online.wsj.com/article/SB10001424052748703514904575602650960629366.html?mod=WSJEUROPE_hpp_LEFTTopStories last accessed on November 10, 2010

Sources used in this document:
Reference:

Enrich, D., Forelle, C., 2010, Ireland's next blow could be home loans, Wall Street Journal Online, http://online.wsj.com/article/SB10001424052748703514904575602650960629366.html?mod=WSJEUROPE_hpp_LEFTTopStories last accessed on November 10, 2010
Cite this Document:
Copy Bibliography Citation

Related Documents

Queen Elizabeth and Her Affairs With Ireland
Words: 3072 Length: 10 Document Type: Term Paper

Queen Elizabeth I - Her Affairs with Ireland Upon her ascendancy to the throne of England in 1558 - having survived two months' imprisonment in the Tower of London at the hand of her half sister Mary Tudor four years earlier - Elizabeth found herself hostage to the volatile political, cultural and social unrest in Ireland. Indeed, Ireland's existing government in Dublin was wholly ineffective, and Irish society was divided into

Alderman, Liz. 2010, December 11 .
Words: 552 Length: 2 Document Type: Article Review

"The bill to taxpayers for the bailout has swelled to 84 billion euros, 56% of gross domestic product, the result of a government decision to backstop the banks' losses… [despite] the fact that the International Monetary Fund ordered another 10 billion euros pumped into banks immediately, in part to hedge against a possible rise in mortgage defaults. An additional 25 billion euros is on standby if banks' losses are bigger

Irish Consumer Behavior Investigation of
Words: 1677 Length: 4 Document Type: Research Proposal

Retrieved February 14, 2010 from http://www.forbes.com/2010/01/12/car-sales-geely-volvo-business-autos-china.html ACNielson. (2007). 2007 key consumer and market trends. China Fast Forward. Retrieved February 13, 2010 from http://www.pdfone.com/view/14_keywordchinasconsumermarketopportunitiesandrisks/china-fast-forward-2007-key-consumer-and-market-trends.html BERR. (2009). China and India: Opportunities and Challenges for UK Businesses. BERR Economics Paper No. 5. Retrieved February 13, 2010 from http://www.pdfone.com/view/19_keywordchinasconsumermarketopportunitiesandrisks/china-and-india-opportunities-and-challenges-for-uk-business.html China-Britain Business Council. (2010). Opportunities for UK Businesses in China's Regional Cities. UK Trade & Investment. Retrieved February 13, 2010 from http://www.pdfone.com/view/22_keywordchinasconsumermarketopportunitiesandrisks/opportunities-for-uk-businesses-in-china-s-regional-cities.html Ebrahimi, Helia. (2008). Will pricelings save

Retail Sales Management Executive Summery: PC World
Words: 1107 Length: 4 Document Type: Essay

Retail Sales Management Executive Summery: PC World is a huge UK retailer that is ever expanding into the technology marketplace. From PC's to washing machines, they offer a one-stop shop for everything technology related. With an appealing advertising system that attracts the middle class Englishman, it is no wonder that their business continues to grow. PC World is a retailer within the Dixons Retail businesses. The stores are located in the

Pira and the Paramilitary Opposition Faced During the Troubles
Words: 12201 Length: 40 Document Type: Dissertation

PIRA and the British Government's Response The war between the Provisional Irish Republican Army (PIRA) and the British State from 1969 to 1998 was a complex situation in which various entities pursued similar and dissimilar aims through various channels (political as well as militaristic/terroristic). Even in the midst of the most violent clashes, secret talks were held between leaders of the PIRA and the British State, with the political face of

Interventionism From the Perspective of Realism Vs.
Words: 13409 Length: 44 Document Type: Case Study

interventionism from the perspective of realism vs. idealism. Realism is defined in relationship to states' national interests whereas idealism is defined in relation to the UN's Responsibility to Protect doctrine -- a doctrine heavily influenced by Western rhetoric over the past decade. By addressing the question of interventionism from this standpoint, by way of a case study of Libya and Syria, a picture of the realistic implications of "humanitarian

Sign Up for Unlimited Study Help

Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.

Get Started Now