No, this just means it was a bad place to start :). We will definitely come to Europe.

Ireland's banks are run by clowns, makes a change for them to be doing the laughing.

Now they are all owned by the state. So you have government beurocracy to deal with now. Smart Economy, schmart economy.

Only because the private owners were so bad at running a business that they bankrupted them, though. It will be quite a trick to see if the state can run them even more badly. Quite possible, but the bar was set high.