Will 'Celtic phoenix' crash and burn again?
Voters are optimistic again but concerned that the spoils of recovery will not lead to social prosperity
The current edition of The Economist magazine refers to Ireland as the "Celtic phoenix", a country rising from the ashes of economic ruin.
In 1988 the same magazine concluded that Ireland was an economic failure, the basket case of Europe.
But by the Nineties perceptions about the country's economic performance had changed. Rather than dismissed as an economic basket case, Ireland had become known as the Celtic Tiger.