We still dont have any real economy here - its all FDI/service based and we are clinging onto that by our fingertips because of our low tax rate
The amount of sh1te talking on this thread is almost unbelievable.
I work for a major software company, and last week my corporate credit card got levied with a 30 euro government tax. Everyone else in my office with a corporate credit card also got levied.
Whats my point? I work in the Czech republic but our finance office is in Cork, and so my corporate credit card is a Bank of Ireland card and the government tax was the irish Government. The other 1000 or so european employees with corporate cards who live outside of Ireland all got levied.
I remember going out to dinner with a woman from HR who was visiting, and I thought it hilarious that this HR woman from Israel carried with her, her Bank of Ireland credit card.
So thats about 30,000 euros for the government coffers, from one company. Add on all the other companies with either financial offices or headquarters here, and thats adding up to serious money, even ignoring the jobs they provide.
Where is the stability? The stability is in the thousands of IT and Pharma jobs that people are in at the moment. The stability is in Google being headquartered here, not in Zurich or Paris.
People love trotting out the 450,000 number of people out of work figure. Thats about 14.5% of the population. Its worth pointing out that at the height of the boom when there were jobs a plenty, the unemplyment percentage was about 5%, so the real unemployment figure is really about 9%. Contrast that with the unemployment rate of Spain, where the percentage out of work is over 24%.