
Collapse of the Celtic Tiger
Ireland's economy earned the nickname "Celtic Tiger" during the 1990s and 2000s, a stretch of rapid growth built on foreign investment, low corporate taxes, and a construction boom that reshaped Dublin and its suburbs with new housing estates and office parks. This film traces how that boom turned into one of Europe's sharpest economic reversals, as property prices collapsed, banks that had lent heavily into real estate found themselves insolvent, and unemployment and emigration climbed back to levels the country had not seen in a generation. It looks at the gap between the prosperity Ireland projected abroad and the debt quietly accumulating at home, and at the human cost once the banking system needed rescuing and austerity measures followed. The film treats the crash as a case study in how quickly a small, open economy can swing from celebrated model to cautionary tale.