Document Type
Journal article
Source Publication
The International Spectator: Italian Journal of International Affairs
Publication Date
3-1-2011
Volume
46
Issue
1
First Page
115
Last Page
126
Publisher
Routledge
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.
DOI
10.1080/03932729.2011.567906
Print ISSN
03932729
E-ISSN
17519721
Publisher Statement
Copyright © 2011 Istituto Affari Internazionali
Access to external full text or publisher's version may require subscription.
Full-text Version
Accepted Author Manuscript
Language
English
Recommended Citation
Sharma, S. D. (2011). Why Ireland's luck ran out and what this means for the Eurozone. The International Spectator: Italian Journal of International Affairs, 46(1), 115-126. doi: 10.1080/03932729.2011.567906