In Ireland we had built a truly independent nation,
standing proud after years of strife and deprivation
But we yearned to join Europe, enticed by her charms,
and she was happy to welcome us, with open arms
Once we used to have pounds, shillings and pence,
when we joined Europe we adopted euros and cents,
We bought in to a single European currency,
and got loads of money, for everything a subsidy

Yes Europe proved to be extraordinarily generous,
the goose that kept laying golden eggs for us
Our government went mental with the money Europe kept sending,
it appeared this generosity was never ending
And our banks joined in with unprecedented lending,
we the people were happy, ah the money we were spending
We threw caution to the wind, it was pure insanity,
we paid ridiculous prices for even the smallest property

Mortgages and loans were given out like sweets,
credit cards with no limit for those occasional treats
Yes the borrowing and spending went on unabated,
sure why wouldn’t it, it was completely unregulated.
There was so much money, loans were so easy to get,
each one of us accumulated a serious amount of debt
Most of us were living way beyond our means,
had we sold our souls for a handful of beans?

Such was our success, other nations did applaud,
we bought new houses and cars and apartments abroad
Credit cards and loans bought so much other stuff,
one could be forgiven for thinking we could never have enough
We changed as a people, became quite materialistic,
we wanted so many things that were beyond realistic
we forgot what was important, which was really quite sad,
judging each other it seemed now by how much each had