| ID | 104306 |
| Title Proper | Why Ireland's luck ran out and what this means for the Eurozone |
| Language | ENG |
| Author | Sharma, Shalendra D |
| Publication | 2011. |
| Summary / Abstract (Note) | 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. |
| `In' analytical Note | International Spectator Vol. 46, No. 1; Mar 2011: p.115-126 |
| Journal Source | International Spectator Vol. 46, No. 1; Mar 2011: p.115-126 |
| Key Words | Ireland ; Eurozone ; Economic Performance ; Celtic Tiger ; Global Financial Crisis ; European Union ; Financial Assistance |