Celtic Tiger news stories on Newser

Angry Voters in Ireland Rout Ruling Party

John Johnson — Sat, 26 Feb 2011 11:03:00 CST

Irish voters have finally had enough of Fianna Fail, the long-dominating party blamed for leading the country into economic ruin, reports the Irish Independent . It's not clear whether opposition Fine Gael will get enough seats for an outright majority or will need to form a coalition government with a smaller...

Post-Crash Ireland Becomes Luxury Bargain Basement

Kevin Spak — Fri, 04 Dec 2009 11:33:00 CST

In the midst of its worst recession in modern history, Ireland has become a bargain hunter’s paradise, with high-end cars, homes, and wines selling for a song. “It’s a bit like old vultures over the carcass,” one shopper tells Bloomberg . “You’ll see all sorts of places coming down. The recession...

For Boom-to-Bust Ireland, Another Great Migration

Jason Farago — Thu, 27 Aug 2009 08:40:00 CDT

The collapse of the Celtic Tiger is prompting another mass exodus from Ireland's rural west, the Wall Street Journal reports, with young workers once again abandoning their hometowns for London or the US. After a rare decade in which emigrants were flooding back to the island, as many as 40,...

Celtic Tiger Hangover Pounds Dublin Bars

Jason Farago — Wed, 24 Jun 2009 07:50:00 CDT

Once the poor man of Europe, Ireland rode a breathtaking economic boom that transformed Dublin into one of the region's swankiest capitals. But now that the Celtic Tiger has gone bust, the ambitious restaurants and exclusive lounges of the new Dublin are closing their doors. Cash and credit have dried...

As Celtic Tiger Slows, Ireland Again Empties

Kevin Spak — Wed, 25 Jun 2008 12:01:03 CDT

The massive Irish economic engine of the '90s brought decades of emigration to a screeching halt and hordes of EU immigrants flooding through open borders to lay claim to plentiful jobs. But as the Celtic Tiger begins to look like a kitty, the Wall Street Journal reports, many of those...

'Celtic Tiger' Has a Thorn in Its Paw

Jason Farago — Thu, 03 Apr 2008 07:38:00 CDT

In his 11 years as Ireland's prime minister, Bertie Ahern presided over explosive economic growth that earned the once-moribund nation the nickname "Celtic Tiger." But his presumptive successor, finance minister Brian Cowen, is inheriting a dismal situation: after a decade of boom, Ireland's economy is set to grow at the...

Irish PM Resigns in Kickback Scandal

Jason Farago — Wed, 02 Apr 2008 07:11:52 CDT

The prime minister of Ireland announced his resignation today in the face of a growing scandal over his personal finances, reports the Irish Times . Bertie Ahern, a key player in the Northern Ireland peace deal once tipped to be the first permanent EU president, admitted no wrongdoing in the surprise...