# 20 Years Since the Celtic Tiger: Why the Irish Banking System is Still Broken

An episode of [The David McWilliams Podcast](https://invisiblenetwork.ai/podcast/1462649946), 20 Aug 2026, 35 min.

Audio: https://sphinx.acast.com/p/acast/s/the-david-mcwilliams-podcast/e/6a85b9dd6701ba1ebb5c9797/media.mp3

August 2006 marked the beginning of the end for the Celtic Tiger, but the legacy of that crash continues to stifle the Irish economy today. We explore how the refinancing game collapsed, why Irish banks have become safe deposit boxes where money goes to die, and how the Central Bank’s over-regulation is forcing the state to take over the construction industry. Discover why Ireland is fighting with one arm tied behind its back and what it will take to get credit flowing to small businesses again. Hosted on Acast. See acast.com/privacy for more information.

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