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“We are having an Irish boom without the Irish, and the best qualification for entry into the Irish recovery is not to be Irish.

The banks that are exiting Ireland are offering up their portfolios of loans to foreign vulture funds that have no interest in staying in this country.

Here’s what’s happening. European interest rates are going to zero because Europe’s economy is a mess. I know this isn’t a technical term, but bear with me. This slumping EU economy is causing the euro to plummet against the dollar.”

Source- http://www.davidmcwilliams.ie/paddy-is-easy-pickings-for-the-foreign-vultures/

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