According to this morning's Bangkok Post, Europe is the last region to recover economically from the global financial disasters of the past few years.
While the US is showing the fabled green shoots, and Asia is en route to booming again, sluggardly old Europe is lagging behind with barely perceptible growth, major unemployment and ongoing banking crises.
And of course, Ireland is one of the weakest economies in Europe, which given the stiff competition from other messes like Portugal and Greece is pretty dire indeed.
The moral of the story is that we are last of the last, likely to still be suffering from NAMA hangovers long after the rest of the world economies are back on track.
It must be remembered that this is a direct result of the failures in government; the blatantly corrupt and incompetent Fianna Fail aided and abetted by the dewy-eyed amateurs of the Green Party.
If we don't hold them to account, and their hangers-on (the parish pump gombeen independent TDs, the banksters, the specudevelopers) they'll only do it all over again, as they've continually done so since the birth of the state.
Frankly, only an injection of backbone and hard work is going to sort Ireland out now, even if we do rid ourselves of the Fianna Fail cancer.
Where is that going to come from? Hardly from the boatloads of Nigerian scamsters and Roma beggars we imported like idiots to parasite off our ailing economy.
The only place it can come from is the greater Irish nation itself - the Irish in America who are sick of being patronised and ripped off by us, the Irish in Argentina still wrongfully denied their heritage by the racists in the Department of Foreign Affairs, the Irish in Britain and most of all the nearly 2 million Irish in the North.
We're going to have to throw ourselves properly on their mercy and ask for help. But only after we demonstrate our own intent to roll up the sleeves and do the hard work too.
Otherwise, we're going to be the last of the last for quite some time.