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Wed 08 Aug 2008Government must let property bubble burst
The property crash is not an economic disaster but a coming of age, writes Michael O'Sullivan.
TOO MUCH of the commentary on Ireland's economic downturn is focused on the short term, on trying to prevent the necessary unwinding of the bubble in our property sector. Only when all of the illusions we hold about Ireland's economic performance over the past seven years are broken can we move onto the next phase in its economic development.
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