Interesting thoughts, but recession hasn't started yet in the UK and in Eire still has a long way to go. Remember £200,000,000,000 of funny money was printed to win an election and kick the can further down the road.
Just to let you know its spelt Éire not Eire. As well as that since you comments are written in English not Irish the correct name of the country is Ireland.
Not much to report from the AGM. In 2011 an expected 10%-15% growth to EUR350 million to EUR375 million. Passengers numbers should grow at about the same rate. O'Leary thinks that the issue of a CEO will become more important as growth continues to slow.
A document has been sent to the Irish Government detailing how to fix the tourism crisis. The usual suggestions about DAA and the travel tax were discussed as well. You'd think the government would listen as extra 20 aircraft and 6m passengers over five years would be attracted to the country.
He also discussed the German travel tax, admitting that aircraft will be moved to airports where this tax does not exist.