The Irish Economy: Three Strikes and You’re Out?
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.
Key words: Debt, Banking, Bond yields.
JEL: F34, G15, G20, E60.