Irish house prices fell 7pc last year. The pace of decline has accelerated so far this year.

The establishment has pretended it's business as usual. But the mood is now changing. The Irish Independent warned this week that the country is sliding into a serious slump.

"Look at all the signs: every single one is screaming that the economy is in big, big trouble. Housing market dead, new car sales dead, consumer confidence is dead, record job losses, exporters being killed off by a strong euro, fuel prices spike, housing repossessions increase," it said.

There is now no doubt that the collapse of the housing sector is hurting the wider economy and we are now technically in the midst of a recession.

Found it...

Irish Independant - Wake up: there is still time to stop the slump - click here.







No longer any denial down south of what is happening. Still some denial up here

No longer any denial down south of what is happening. Still some denial up here

Unlike us, they don't have strong fundamentals, housing shortage, or Helen Carson.