Present booming economic growth in Ireland owes something to the current low price of both the Euro and Energy. Both of these seem to have hit bottom and to have commenced rising again. No doubt this upward trend will continue. By the end of 2016, expect to see the price of crude oil back at $100 per barrel, and the Euro back at $1.30.
Since these price movements will have a restraining effect, the recent budget was not too expansionary, but the country will have to keep an eye on costs.
The chart shows the Euro against the US Dollar (blue line) and the OIL ETF (pink lne). It can be seen that EUR/USD has been trending upwards since March, and that oil has now started to trend upwards also.
Proinnsias - Krunchie As
"Proinnsias" sounds the same as "Krunchie as," except with a P instead of a K. I was christened "Francis Killeen," but adopted the Irish form of this name "Proinnsias Ó Cillín." ("Cillín," which means "treasure," sounds exactly the same as "Killeen"). Some people have difficulty pronouncing "Proinnsias," and some children in my neighbourhood called me "Krunchie," a nickname that stuck.
Proinnsias Ó Cillín
- Born in Phibsborough, Dublin, 1943. Qualifications: BL and M Sc (IT).Land Registration Consultant, poet, inventor and artist.Member of the Invincibles old-time band.Attended St Peter's primary and O'Connell secondary schools.Member, down the years, of church choir,Knights of Malta, Dáil na nÓg, Irish Language societies, residents association, action groups, musical societies and drama groups, board of National Museum.Chaired many groups, including Residents Association, IMPACT trade union branch, Art Societies.Ran folk club in Slattery's of Capel Street, late 1960s and returned for Poems and Pints. Led Claremont Residents Association to win Tidy Areas Competition.