The Irish Economy: Three Strikes and You’re Out?
23 Pages Posted: 6 Mar 2011 Last revised: 28 Aug 2012
Date Written: March 3, 2011
We examine the three interlinked Irish crises: the competitiveness, fiscal and banking crises, showing how all three combined to lay a lethal trap for Ireland. Starting from a point of economic balance, a series of poor government decisions led to the country once dubbed the Celtic tiger become the second eurozone state after Greece to seek a bailout, with the EFSF/IMF intervening in late 2010.
Keywords: debt, banking, bond yields, fiscal, Ireland, IMF, bailout
JEL Classification: F34, G15, G20, E60
Suggested Citation: Suggested Citation