Description:  Ireland is opting for bulldozers rather than bankers as it starts to clear the legacy of the housing boom whose collapse brought the economy to its knees.

Source: Bloomberg.com

Date: July 19, 2012

Link: http://www.bloomberg.com/news/2012-07-19/ireland-bulldozes-ghost-estate-in-life-after-real-estate-bubble.html

Questions for Discussions:

• How did over-supply undermine the real estate market?
• Who is to blame for this fiasco?
• How can this be prevented in the future?
• How did the collapse affect banks, governments, economic growth, and currency?