#3599565 in eBooks 2015-11-04 2015-11-04File Name: B01EUBK3Q0
Irelandrsquo;s major property bubble burst at the same time as the global financial crisis erupted, plunging the country into a severe recession in 2008ndash;10. Public debt climbed rapidly as revenues collapsed and as banksrsquo; rising loan losses increasingly required public support. Following the Greek crisis in spring 2010 and emerging tensions in the euro area, the last act in the process saw the operation of the ldquo;sovereign-bank looprdquo;mdash;a vicious cycle where uncertainty about... [PDF.lm43] Ireland (European Departmental Papers) Rating: 4.87 (656 Votes)
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