A brilliant encapsulation of Ireland’s rise to fortune, and subsequent, ongoing collapse, by novelist John Banville (who is a fascinating and lyrical writer, and well worth reading):

IN the ravening years of the Celtic Tiger we had a dinner-party competition to define the figure most representative of the suddenly prosperous Ireland we so bafflingly found ourselves in. Someone came up with “a non-tax-paying businessman’s trophy wife.” This seemed right, and as time went on we added more and more details; at last count we had arrived at “a non-tax-paying businessman’s trophy wife driving her 14-year-old daughter to her drug rehabilitation session in an S.U.V. at 60 miles an hour down a bus lane while speaking on her cellphone, smoking a cigarette and making a rude gesture at a passing cyclist.” Over the past couple of weeks, however, the game has lost its savor. As one dinner guest murmured, “That poor little girl.”

Naturally, the question: Who was/is the States? (or, if you’re here, Germany).