Ireland’s Sovereign Debt Crisis

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Title: Ireland’s Sovereign Debt Crisis
Authors: Whelan, Karl
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Date: May-2011
Abstract: Among the countries currently experiencing sovereign debt crises, Ireland’s case is perhaps the most dramatic. As recently as 2007, Ireland was seen by many as top of the European class in its economic achievements. Ireland had combined a long period of high economic growth and low unemployment with budget surpluses. The country appeared to be well placed to cope with any economic slowdown as it had a gross debt-GDP ratio in 2007 of 25% and a sovereign wealth fund worth about €5000 a head.
Type of material: Working Paper
Publisher: University College Dublin. School of Economics
Keywords: Celtic TigerSovereign debt crisesBanking crisesEU-IMF bailout
Language: en
Status of Item: Not peer reviewed
Appears in Collections:Economics Working Papers & Policy Papers

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