Ireland Returns to Traditional Economy - Exporting Irishmen!

Bloomberg reports: Irish Urge Children to Leave as Export Gain Masks Lost Jobs.

Anthony Roche is urging his unemployed son to emigrate to Australia from Ireland to escape joblessness stemming from the country’s economic collapse.

Unemployment may climb to 14.6 percent this year, the central bank forecast on Feb. 2, as companies such as Royal Bank of Scotland Group Plc and Allied Irish Banks Plc prepare to shed more workers.

Irish unemployment tripled to an average 14.2 percent last year from 4.5 percent in 2007, as the economy shrunk by about 15 percent as a real-estate bubble collapsed. Emigration rose to the highest since the 19th century in the 12 months ended last April, with about 76,400 people leaving Ireland during the period, according to the Central Statistics Office.

Worse, over half have been jobless for more than a year and with 30 percent of people aged 24 and under are out of work, the office said in its quarterly employment survey.

When 30% of your younger force is out of work, you are basically doomed.

The correct solution for the Irish would've been to default on the debt as we have talked about many many many many many times but if you're a junior Irishwoman (or Irishman), conditional on the fact that your politicians are fuckin' retards, the best option is to leave.

Which makes the problem bigger, and of course, the default more likely. Which they should've done in the first place!!!

Oh well!