DURATION: 55 min.
For almost two decades, Ireland had been a global model of neoliberal development. A test lab to legitimize its application, with the country's cheap and specialized labor force as the guinea pig. The government, banks and constructors were intoxicated by the nectar of money, dragging along with them the reflexes of the entire social tissue. The "Celtic Tiger", as the Irish economy was named, was openhandedly promising prosperity to a society that has historically suffered from poverty, immigration and unemployment. And it was doing just fine, as it seemed!
However, after years of impressive growth rates, the country has suddenly and roughly landed in the arms of the European support mechanism and the IMF. It now finds itself in the same position as Greece and Portugal, albeit for different reasons which, nevertheless, caused the same result: from being at the top, a true model to be followed, Ireland suddenly woke up on the brink of bankruptcy.
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