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They are not really comparable. Ireland is a very small country and very globalised. Spain has 10 times the population. I think both Spain and Ireland had a housing bubble and a banking crisis. I think of all the countries with econonic problems Ireland will come out of it faster due to its small size and more adaptable economy. Also Spain was a colonial power whereas Ireland was controlled by Britain.
They are not really comparable. Ireland is a very small country and very globalised. Spain has 10 times the population. I think both Spain and Ireland had a housing bubble and a banking crisis. I think of all the countries with econonic problems Ireland will come out of it faster due to its small size and more adaptable economy. Also Spain was a colonial power whereas Ireland was controlled by Britain.
Ireland has 4 times bigger debt and 3 times smaller population than Greece, how are they going to adapt faster?
Ireland has 4 times bigger debt and 3 times smaller population than Greece, how are they going to adapt faster?
Ireland's debt is due to the Government backing the banks. The economy was in a surplus before that decision was made. Ireland is also due to return to normal markets this year and exit the bailout. Greece's problems are very different to Ireland.
Calling Spain a second or third (!) country is very inappropriate. I'm just back from vacation in Andalusia, yet again fell in love with the whole area (I have been there 5x times now).
Yes, it tends to be much more chaotic, "run-down" and "polluted" than most Northern or Western European countries and also "poorer" than Catalonia or Madrid, however, it offers all commonplace things the average First-Worlder needs: large "American-style" shopping malls (El Corte Ingles, Carrefour, Eroski etc.), doctors/hospitals, modern infrastructure network, many restaurants (local, ethnic, chain...) and all kinds of institutions. Compared to Southern Italy, Latin America or most of Southeastern Europe, corruption or mafia structures aren't that prevalent. In addition, Andalusia has always been the "2nd world" of Spain with high unemployment rates or poverty levels so its not that surprising that the recent crisis has influenced it heavily.
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