Not All is Well in the Land of Eire

Ireland has a unique economy. Like many of the poorer countries of Europe, they are making more money in remittances from citizens abroad than any domestic production. Ireland has made a business of being a banking hub where corporations and the wealthy can park their cash to avoid taxes. This makes Ireland wealthy on paper, but that wealth is hardly staying in the country or increasing local wealth. In the years after the pandemic, even that business has dried up thanks to new tax rules. So what is Ireland to do? In this video, we’re going to learn about their economic situation and what might come next.