The Irish Economy: Three Strikes and You’re Out?

  • Constantin Gurdgiev University of Dublin, School of Business, Trinity College, Dublin 2; IBM Institute for Business Value, Ballsbridge, Dublin 4; Ireland
  • Brian M. Lucey School of Business and University of Dublin, Institute for International Integration Studies, Trinity College, Dublin 2, Ireland; Glasgow Caledonian University, Caledonian Business School, Scotland, UK
  • Ciarán Mac an Bhaird Dublin City University, FIONTAR, Dublin 9, Ireland
  • Lorcan Roche-Kelly Agenda Research, Sixmilebridge, County Clare, Ireland


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.

How to Cite
Gurdgiev C., Lucey B.M., Mac an Bhaird C., & Roche-Kelly L. (2011). The Irish Economy: Three Strikes and You’re Out? Panoeconomicus, 58(1), 19-41. doi:10.2298/PAN1101019G
Original scientific paper