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Cutback management in Ireland in the wake of the financial crisis
Author(s)
Date Issued
2017-06-16
Abstract
Ireland was one of the European states most severely affected by the financial crisis. A number of official reports into the causes of that crisis (Regling and Watson 2010; Honohan 2010; Nyberg 2011; Independent Review Panel 2011, Houses of the Oireachtas 2016) have pointed to a combination of domestic contributing factors, including weak regulation of financial institutions, weak state capacity and pro-cyclical fiscal policies adopted by successive governments from the late 1990s. The crisis resulted in one of the world’s largest ever state-backed bank guarantees and a subsequent ‘bailout’ loan from the Troika of the IMF, EU and ECB in late 2010. Also as a consequence of this crisis, the 2008-15 period was defined by an unprecedented series of cutbacks in the Irish public service, as part of a broader strategy to reassert control of the state’s finances.
Type of Material
Book Chapter
Publisher
Routledge
Series
Routledge Critical Studies in Public Management
Copyright (Published Version)
2017 Routledge
Language
English
Status of Item
Peer reviewed
Part of
Moll Sørensen, E., Foss Hansen, H., Bøge Kristiansen, M. (eds.). Public Management in Times of Austerity
ISBN
978-1138680531
This item is made available under a Creative Commons License
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