(CNN) -- Ireland --- once Europe's 'Celtic Tiger' -- was last year felled by its black hole of a banking sector, and forced to tap Europe's bailout fund. The country continues to live off bailout funds -- yet in September internet giant Twitter announced its intention to set up headquarters in Dublin. It will join Facebook and Google, which both have their headquarters in the Irish capital. The move suggests Dublin could again become a major player in the technology industry, despite the country's financial woes. According to Noel Ruane, head of Dogpatch Labs Europe -- which likens itself to a 'frat house for geeks' -- the city has enough of an internet community to rival Silicon Valley.
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Twitter announced in September it would set up shop in Dublin
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Google and Facebook have their international headquarters in Ireland
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Dogpatch Labs Europe provides space for entrepreneurs
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Its head Noel Ruane believes Dublin can rival Silicon Valley
The center has also chosen to call @placeholder its European home, with Ruane as its entrepreneur in residence.