I wish I could be there
Friday, September 7, 2007
Number 2
An extract of a newsletter I get once a month. It's all great, but the thing than confuses me is that the report was made by the Bank of Ireland itself. Funny.
USA? A pauper nation. Germany? Third world. UK? Doesn’t even figure.
Ireland? We'’re number Two!
A report issued by the Bank of Ireland names Ireland as the second
wealthiest country out of 35 democratic, free-market economies, including
most of the EU nations, Canada, the U.S., Japan, incidentally, is the
wealthiest nation of them all.
Folk wisdom has it that health is wealth. Lucky for Ireland, then, that
the bank ignored Ireland’s troubled public health system in favour of
counting pensions, property and deposits.
And there’s the rub. Property represents 72pc of Irish assets. We’re
“wealthy” because of the property bubble that has now burst.
Still, a lot of people made it this past decade. There are 33,000
millionaires in Ireland whose assets, excluding their principal residence,
still amount to one million Euro or more.
USA? A pauper nation. Germany? Third world. UK? Doesn’t even figure.
Ireland? We'’re number Two!
A report issued by the Bank of Ireland names Ireland as the second
wealthiest country out of 35 democratic, free-market economies, including
most of the EU nations, Canada, the U.S., Japan, incidentally, is the
wealthiest nation of them all.
Folk wisdom has it that health is wealth. Lucky for Ireland, then, that
the bank ignored Ireland’s troubled public health system in favour of
counting pensions, property and deposits.
And there’s the rub. Property represents 72pc of Irish assets. We’re
“wealthy” because of the property bubble that has now burst.
Still, a lot of people made it this past decade. There are 33,000
millionaires in Ireland whose assets, excluding their principal residence,
still amount to one million Euro or more.
Subscribe to:
Posts (Atom)
