Ireland needs more than a change of government

Telegraph
"To begin with, the low interest rates set by the European Central Bank fuelled an unsustainable boom. Now, the inability to devalue has rendered an export-led recovery harder to achieve. Moreover, the IMF and EU loans that prevented bankruptcy – which amount to 80 per cent of the country's GDP – could come at a high price. Other members of the eurozone have long disliked the generous corporation tax regime used to attract the hi-tech companies that were Ireland's principal source of prosperity, and may well insist that it is dismantled. With unemployment now close to 15 per cent, Ireland is also witnessing the emigration of its brightest citizens, a phenomenon it seems fated to suffer at periodic intervals."