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Reports that Waterford Crystal and the Wedgwood China Company were to go into administration will add yet more gloom to the outlook for the Irish economy. Waterford Crystal is an internationally known company and helps bring some 300,000 visitors to the town each year. In the current climate people won’t be racing out to the shops to buy smart glass or china, but it’s going to have a big effect on the economy and it shows the depth of the mess that we are in.