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http://tnp.sg/news/story/0,4136,203989,00.html?
Ireland - often comparing itself insanely with Singapore - was enjoying an incredible boom that almost everyone kidded themselves would last for ever.
Needless to say, it didn't.
Now the 10-year boom has turned into a spectacular bust.
They really should have seen it coming with all these signs:
When then-prime minister Bertie Ahern contrived to pay himself more than US president George Bush and the rest of the politicians became the best paid in Europe;
When the cosy cabal of government, unions and employers carved up deals that propelled the low-cost economy that had attracted foreign investment into one of the highest priced countries in Europe;
When a modest semi-detached house in Dublin fetched a million euros;
And when banks launched a vicious attack of predatory lending, even lending money to people who could not afforded to pay them back.
aiya,,,
1. singapore ministers, many are best paid in the world,,, not just the prime minister
2. singapore curved out deals to sell out singapore, with investments BUY HIGH SELL LOW
3. 2 million semi-Ds, no big deals, singapore has money, we even have $2mil terrace houses and apartments
4. with HDB so high a price, banks lend as long as govt approves..
will singapore become like ireland,,, when will the bubble burst?
what is The Newpaper trying to do? write for PAP ministers to read?
Ireland - often comparing itself insanely with Singapore - was enjoying an incredible boom that almost everyone kidded themselves would last for ever.
Needless to say, it didn't.
Now the 10-year boom has turned into a spectacular bust.
They really should have seen it coming with all these signs:
When then-prime minister Bertie Ahern contrived to pay himself more than US president George Bush and the rest of the politicians became the best paid in Europe;
When the cosy cabal of government, unions and employers carved up deals that propelled the low-cost economy that had attracted foreign investment into one of the highest priced countries in Europe;
When a modest semi-detached house in Dublin fetched a million euros;
And when banks launched a vicious attack of predatory lending, even lending money to people who could not afforded to pay them back.
aiya,,,
1. singapore ministers, many are best paid in the world,,, not just the prime minister
2. singapore curved out deals to sell out singapore, with investments BUY HIGH SELL LOW
3. 2 million semi-Ds, no big deals, singapore has money, we even have $2mil terrace houses and apartments
4. with HDB so high a price, banks lend as long as govt approves..
will singapore become like ireland,,, when will the bubble burst?
what is The Newpaper trying to do? write for PAP ministers to read?
