2012/01/29

Irish build a house of sliced € 1,4 billion!?

Frank Buckley, an unemployed Irish artist, build a house from the remains of cut 1.4 billion euros (1.82 billion dollars), officials said.

The artist built his apartment in the lobby of an office building in Dublin, vacant by the graduation four years ago. Then was the peak of the ill-fated construction boom in the country.
The home was built with bricks cut by euro banknotes, which is borrowed from the Irish Mint.
"This is a reflection of all the madness that had gripped us," Buckley says of his work he calls "home for one billion euros."
"People have poured billions of euros in construction of buildings, which now cost nothing. I wanted to create something from nothing," he said.
Since Ireland joined the European Union and wildly out of the real estate market, her swept a wave of cheap credit. This caused outrage in 2007 when the country was pushed to the deepest recession among the industrialized countries. Thus, the former "Celtic Tiger" had to accept humiliating financial assistance from the EU and the International Monetary Fund.
At the climax of the real estate fever Buckley receives 100 - percent mortgage to buy a house for € 365,000 on the outskirts of Dublin and they do not have a permanent income. The artist has parted with his wife, who now lives in the house, lost at least one third of its value.
"The home of one billion euros" Buckley inhabited by early December, working on "extension" of the kitchen to the living room and hallway.
"House" is so hot that Buckley sleep without a blanket. The walls are decorated with paintings made by notes and coins, including an image of a house. It is hand made from coins of 5 pence Irish. The walls and floor are covered with chopped Euros.
Buckley hopes that European politicians to resolve the debt crisis without destroying the currency.
But if the euro still fails, the artist will be happy to use the "victims" of euro banknotes as a raw material for future projects.

No comments:

Post a Comment