Well, it’s apparently in response to global drop in world market values, due to concern over a number of factors. But it seems to have had an extraordinary effect on the Irish stock market in particular. But given the vulnerabilities laid out in the recent European Economic Advisory Group’s report highlighting the Republic’s high level of vulnerability to a world slump, there must some alarm bells ringing somewhere in Dublin, however softly.
Mick is founding editor of Slugger. He has written papers on the impacts of the Internet on politics and the wider media and is a regular guest and speaking events across Ireland, the UK and Europe. Twitter: @MickFealty