Post-2008 Irish banking crisis
The post-2008 Irish banking crisis was when a number of Irish financial institutions faced almost imminent collapse due to insolvency during the Great Recession. In response, the Irish government instigated a €64 billion bank bailout. This then led to a number of unexpected revelations about the business affairs of some banks and business people. Ultimately, added onto the deepening recession in the country, the banks' bailout was the primary reason for the Irish government requiring IMF assistance and a total restructuring of the government occurred as result.
Sticker on van window in Dublin reacts to banking crisis
Joe Higgins, MEP speaking outside Anglo Irish Bank during a protest against the bank bailout in 2010
Protestors outside Anglo Irish Bank during protests against the bank bailout in April 2010
The "Celtic Tiger" is a term referring to the economy of Ireland from the mid-1990s to the late 2000s, a period of rapid real economic growth fuelled by foreign direct investment. The boom was dampened by a subsequent property bubble which resulted in a severe economic downturn.
Historical GDP per capita development of Ireland and the UK
Public debt as a percentage of GDP dropped significantly over the 1990s.
The information technology sector was a significant factor in the Irish economic boom
The Spire of Dublin symbolises the modernisation and growing prosperity of Ireland.
