Money in Ireland
Money is a good that acts as medium of exchange, including coins, paper money, and demand deposits.The official currency for money in ireland is the Euro (€). The Euro currency was physically introduced into Ireland on 1st January 2002 although it had come into being on paper only a few years earlier with all banking transactions being given in both Punt and Euro. When the idea of a common currency was first introduced in the early 1990's, it was first called the ECU or European Currency Unit. This was later changed to Euro. On its similtaneous release into the Euro Zone on 01/01/02, both Euro and Punt(pound) were acceptable currency for 6 weeks in all Irish shops and outlets with all change being given in Euro.
There are also other countries in the EU that use the Euro:Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Italy, Luxembourg, Malta, Holland, Portugal and soon to be Latvia in 2014.
Money is a huge problem in Ireland at this current time.There is a thing called “Recession”.Which is a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP.
I’ve seen a couple of sites where the buildings were just left abandoned with nothing in them because there wasn’t any money left at all.The best thing they can do with them is just knock down the whole site.Although 553 previously unfinished developments were completed in the past year, there are still 1,258 so-called "ghost" estates.
Furthermore, developer bonds set aside to cover the cost of providing public infrastructure have expired in one out of six of these estates.
Almost 1,000 of the unfinished housing developments have people living in them.
Minister for Housing and Planning Jan O'Sullivan she was particularly eager to tidy those up.The Government set aside €10 million in the Budget to resolve unfinished estates.The second annual progress report on unfinished housing developments in Ireland shows the number has more than halved since 2010.
Coming up to Christmas money is a high demand for buying presents etc. It is very hard for people to get their hands on money and often parents try to work extra hours so they could have food on table, clothes on their backs and a proper living space.Unemployment is very high but has fallen by 12.8% thats 41700 people reducing the total number of people out of work to 282,900.But there is some people who are getting jobseeker’s benefit and don’t try and look for a job. The Government has claimed a turnaround in the rate of unemployment is evidence of the strengthening Irish economy.Taoiseach Enda Kenny said over 1,000 new jobs were being created per week in the economy and there were “positive signs that business confidence is rising”. The total number of people in the labour force is 2,182,100 - up 16,300 over the year.Minister for Social Protection Joan Burton said: “There are still far too many people out of work, and tackling unemployment will remain the Government’s number one priority.