There’s some very nice explanatory journalism in Der Spiegel today. Warning; long, long, long article is very long, but enjoyable and definitely worth reading.
Der Spiegel – The Mother of All Bubbles
Written for the layman with a global outlook, it explains how we… ehem… how we are where we are… and where we’re going. Pretty even handed – quotes from conservatives (e.g Niall Ferguson) and liberals (e.g Krugman) – in fairly equal measure.
Covers pretty much the whole globe, Ireland gets a mention or two. If I was to recommend reading one article today, this would be it.