Money from immigrants to be a key part of Irish recovery? -- Back to the sad 1950s for Irish economy if this keeps up

Photo Credit: DAVID MONAHANIs Ireland heading back to the days when money from emigrants abroad was a mainstay of the economy?A recent report by a leading hedge fund in Britain stated it was highly likely that emigrant remittances would play an increasing role in the Irish economyWe have all heard tales of the 1940s and 50s when money from emigrants in Britain and America kept many an Irish family going through very hard timesFormer Irish Times writer John Healy wrote very movingly about his aunt in Brooklyn who kept his family in rural Mayo goingHe had always imagined she lived in finery in America, but when he eventually visited her it was in a fourth floor walk up in a dingy building Read more