This Is A Billion Euro House. Literally.

What do you do when you're an unemployed artist watching your country dive into financial ruin on the back of the euro? You craft a grandiose social statement about the whole thing of course. In the case of Irish artist Frank Buckley, that means building an entire domicile out of €1.4 billion ($1.7 billion) worth of decommissioned bills.

Reuters says that Buckley received a 100 per cent loan for €365,000 ($450,000) in the 2000s, despite lacking a steady job. Loans like this were a key reason why Ireland fell into a credit crisis, and continues to struggle financially. When Buckley separated from his wife, he was forced to move out, so he did what probably no other person would do: began constructing his euro bill apartment in an abandoned office building.

Living in his "billion euro home" since the start of December, Buckley is working on adding a kitchen to the living room and hall.

The walls and floor are covered in euro shreddings and the house is so warm Buckley sleeps without a blanket.

And while I doubt Buckley's piece will start a new trend in green housing, you have to appreciate his pearls of wisdom on the merits of the euro.

"Whatever you say about the euro, it's a great insulator." [Reuters]


Comments

    hey Buckley nice house mind if i smoke?, WHUMMPFF.

    also whats wth the fireplace and what i wouldnt give to have a magnifier and a hot day.

    Yeah, it's that naughty Euro's fault for all the insane monetary idiocy in countries like Ireland and Iceland. Why would anyone get that sort of a loan deal anyway? Just goes to show that small African nations aren't the only ones that can't handle cash.

    Perhaps the artwork is more significant than he thinks: he built a house of worthless paper around himself as shelter from the realities of the world, just like his rationalisations.

      two things are wrong with what you just shot your mouth off about ignorantly.

      #1 - Iceland is NOT part of the EU. It doesn't use the Euro, never has. It uses the Krone. The problems Iceland faced had nothing to do with the Euro.

      #2 - Iceland's fault wasn't the population it was the bankers being dodgy and cooking the books with one set sent to foreign investors and the other set sent to government regulatory bodies. don't blame the entire population for what less than 1% did. they overvalued their currency in foreign markets and then by the time they were caught by the government with the faked books it was too late for the government to step in as the economy was beyond help. As a result the President stepped in and enacted powers that have never previously been used by any Icelandic President before him in order to try and recover the economy.

      Unlike you, I actually lived in Iceland in 2008 when the crash happened, so I understand it. Do the Icelanders have a policy of always wanting the newest and the best? Yes, definitely - my husband won't even blink at spending $500 on a business shirt. But it wasn't the people that were responsible for this mess, it was the bankers (and most of those bankers were living in places like Switzerland, telecommuting to Iceland for work).

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