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Ireland GDP a Charade?

November 26, 2010

Some Incredible facts and figures about Ireland from the FT: Exports 80% of its GDP. 20% of its GDP comes from value added accounting tricks from U.S. Companies.

As Simon Johnson points out, much of Irelands GDP is probably a charade – and any restructuring would point out that most Eurozone banks are insolvent.

This country could fall off the GDP cliff.

 

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