Ireland and Greece – A tale of the good twin and the bad twin and their common fate

Terry McDonough, CJ Polychroniou 07/02/2011

Terry McDonough and CJ Polychroniou: The Celtic Tiger was one of the most famous economic success stories of recent times. Ireland was the poster boy of the globalised, low tax, business friendly economy. Foreign direct investment poured in at least in the early years. Recorded exports rose to close to 100 percent of GDP. The economy achieved full …