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Billion Euro House

Ireland: A painting is displayed on a wall at the Billion Euro House art installation by the Irish artist Frank Buckley. ..Worthless euros, taken out of circulation and shredded by Irelands Central Bank, formes the interior walls of an apartment that Mr. Buckley does not own in a building left vacant by the countrys economic ruin...The artist decided to call the apartment built from thousands of bricks of shredded, decommissioned cash (each brick contains, roughly, what used to be 50,000 euros) the Billion Euro House. He reckons that about 1.4 billion euros actually went into it, but the joke, of course, is that it is worth simultaneously so much and so little...A large gravestone beside the main door, announces that Irish sovereignty died in 2010, the year that the government accepted an international bailout so larded with onerous conditions that the Irish will be paying for it for years to come. (Paulo Nunes dos Santos/Polaris)

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Copyright: Paulo Nunes dos Santos
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Ireland: A painting is displayed on a wall at the Billion Euro House art installation by the Irish artist Frank Buckley. ..Worthless euros, taken out of circulation and shredded by Irelands Central Bank, formes the interior walls of an apartment that Mr. Buckley does not own in a building left vacant by the countrys economic ruin...The artist decided to call the apartment built from thousands of bricks of shredded, decommissioned cash (each brick contains, roughly, what used to be 50,000 euros) the Billion Euro House. He reckons that about 1.4 billion euros actually went into it, but the joke, of course, is that it is worth simultaneously so much and so little...A large gravestone beside the main door, announces that Irish sovereignty died in 2010, the year that the government accepted an international bailout so larded with onerous conditions that the Irish will be paying for it for years to come. (Paulo Nunes dos Santos/Polaris)