Cutback management in Ireland in the wake of the financial crisis

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Title: Cutback management in Ireland in the wake of the financial crisis
Authors: MAcCarthaigh, Muiris
Hardiman, Niamh
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Date: 16-Jun-2017
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/Report no.: Routledge Critical Studies in Public Management
Copyright (published version): 2017 Routledge
Keywords: Government administrationFiscal policyAusterityGret RecessionIreland
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Language: en
Status of Item: Peer reviewed
Is part of: Moll Sørensen, E., Foss Hansen, H., Bøge Kristiansen, M. (eds.). Public Management in Times of Austerity
ISBN: 978-1138680531
Appears in Collections:Politics and International Relations Research Collection

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