Paul Krugman's column today is about how Ireland has become hostage to the failures of their banks. As he sees it:
As far as responding to the recession goes, Ireland appears to be really, truly without options, other than to hope for an export-led recovery if and when the rest of the world bounces back.
Ireland's economy was doing great before the bubble burst and one reason was because of the high tech industry found the country a great place to invest.
However, today, Ireland is more likely to be the subject of articles like this. So, on what will that export-led recovery be based?