I discuss the Irish financial crisis a decade ago with financial writer, adviser and broadcaster Eddie Hobbs, who lived through the crash and commented on the events in Ireland. He wrote and presented a programme on state broadcaster RTE entitled Rip-Off Republic in 2005.
There are strong parallels to the current situation in Australia and important lessons to be learnt. But as he says, it may already be too late to avoid a crash. He also talks about the post crash environment and how high debt and falling home prices have haunted a generation. In particular there are social consequences which are often ignored and insolvency rules may well protect the banks over individuals.
