Ireland: Shape up—or fall off the euroship

For a long time Ireland soared into the economic stratosphere inside the euroship. Membership of the single currency seemed to propel the country far away from an old world plagued by high interest rates and a weak currency. The euro took Ireland to an exciting new territory – where the norm was a strong currency, low interest rates, cheap money, and high-speed cruising on free fuel called house price inflation. But this life in the stars is over. The euroship is sputtering. Ireland needs to adj...