• -
  • irishtimes.com - Posted: October 7, 2008 @ 11:34 pm

    Credit crunch?

    Harry McGee

    Over the years a lot of people have vied to be identified as being the one who coined ‘the Celtic Tiger’.

    I’ll tell ya one thing for nothing: that was a cliche as soon as it was uttered for the first time.

    There’s been no soup-kitchen like queue forming to claim the glory for ‘credit crunch’.

    It must be the most underwhelming description of what’s happening at the moment – which, basically, is the whole universe falling apart at the hinges.

    I’m away on a fact-finding mission in France (ie a junket). And while the banks collapse, and the economy crumbles and the whole future of the universe is placed under threat, I’m worrying about the inadequacy of a phrase.

    So here goes: There must be a better, more evocative phrase that will one day make a cliche of which we are all proud. Here are a couple of suggestions, none of them great.

    The liquid lurch?

    The credit crush?

    The credit collapse?

    The debt disater.

Search Politics