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...familiar refrain across Ireland. After more than a decade of runaway growth, the good times have ended. In September the Celtic Tiger, the best performing economy in the euro zone by some stretch in recent years, became the bloc's first to officially slide into recession. After expanding at three times the E.U. average between 1996 and 2007, Ireland's economy is expected to shrink by 0.75% next year, according to government predictions...

Author: /time Magazine | Title: Ireland's Economy: Celtic Crunch Time | 11/12/2008 | See Source »

...construction mania fast became "a growth that squeezed all the other organs of the economy," says John Fitz Gerald, an economist at Dublin's Economic and Social Research Institute (ESRI). That starved Ireland's exporters of valuable resources. The result: the country's share of euro-zone exports has slipped by a fifth since 2001, while housing investment grew to 14% of Ireland's economy by 2006, roughly three times the European average. When values and demand began to fall - house prices fell 10% in the year to August, while apartments at the Grange are now selling at a rate...

Author: /time Magazine | Title: Ireland's Economy: Celtic Crunch Time | 11/12/2008 | See Source »

...Jerusalem's complexities (nor does he speak much Hebrew). Plus, they say, his advisers are selling him all sorts of crazy schemes so they can grab his shekels. Gaydamak, they say, may be a billionaire in Russia, but in Israel he is a freier, or sucker. (See pictures of Euro 2008 soccer games...

Author: /time Magazine | Title: The Bizarre Race to Be Jerusalem's Mayor | 11/10/2008 | See Source »

...Fleming's idea of Bond villains was that they were inbred, disenfranchised Euro-aristocrats, their vocation twisted from nation-building to world-conquering; and the movies have honored that antique notion. The baddie conglomerate, once known as SPECTRE, is now Quantum, but their role is the same: to spit out snide threats in an upper-crust accent of indeterminate nationality...

Author: /time Magazine | Title: A Brisk, Brutal Bond: The Quantum of Solace Review | 10/31/2008 | See Source »

...currency continued gaining ground on the euro and British pound Monday, while a surging Japanese yen caused more trouble for Japan's export-reliant economy. That prompted the G7 to issue a statement that member nations would undertake collective efforts to undercut the value of the yen to limit the economic damage its rise has inflicted on Japan...

Author: /time Magazine | Title: The Market Gloom Continues | 10/27/2008 | See Source »

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