The Irish economy: Three strikes and you’re out?
Mac An Bhaird, Ciarán and Gurdgiev, Constantin and Lucey, Brian and Roche-Kelly, Lorcan (2011) The Irish economy: Three strikes and you’re out? Panoeconomicus, 58 (1). pp. 19-41. ISSN 2217-2386
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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.
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