Why Ireland's luck ran out and what this means for the Eurozone

Research output: Journal PublicationsJournal Article (refereed)

2 Citations (Scopus)

Abstract

Given its impressive economic performance over the past two decades, Ireland earned the title, the ‘Celtic Tiger’. However, as the contagion from the subprime-induced global financial crisis spread, Ireland's boom went bust. In short order, Ireland (like Greece before it), had to seek financial assistance from the EU and the IMF to stave off sovereign default and national humiliation. How did Dublin and the eurozone respond to the crisis and what lessons can be learned from Ireland's experience? While Ireland grapples with its huge public debt, the EU needs to instill confidence in the markets before the current rolling debt crisis becomes a systemic threat to the eurozone.
Original languageEnglish
Pages (from-to)115-126
Number of pages12
JournalThe International Spectator: Italian Journal of International Affairs
Volume46
Issue number1
Early online date30 Mar 2011
DOIs
Publication statusPublished - 2011
Externally publishedYes

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