The Irish economy: Three strikes and you’re out?
Gurdgiev Constantin, Lucey Brian M., Mac an Ciarán Bhaird and 1 more
Panoeconomicus · 2011
doi:10.2298/pan1101019g (opens in a new tab)
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Abstract
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.
Abstract licence: CC BY
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