Lean times for the Irish Republic
Ireland may have lost its Celtic Tiger economy but it has not lost its sense of humour.
The fear that the economy in Ireland could crash as spectacularly as it did in Iceland has given rise to a credit crunch joke.
What is the difference between Ireland and Iceland? One letter and six months.
Like most humour, the joke combines a grain of truth with a handful of exaggeration.
Prof Brian Lucey, an economist at Trinity College Dublin, says: "We're not as bad as Iceland because we're saved by the still pretty low interest rates of the euro.
The fear that the economy in Ireland could crash as spectacularly as it did in Iceland has given rise to a credit crunch joke.
What is the difference between Ireland and Iceland? One letter and six months.
Like most humour, the joke combines a grain of truth with a handful of exaggeration.
Prof Brian Lucey, an economist at Trinity College Dublin, says: "We're not as bad as Iceland because we're saved by the still pretty low interest rates of the euro.
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