The Irish Banking Crisis

Download or read book The Irish Banking Crisis written by and published by GRIN Verlag. This book was released on 2015-04-08 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2015 in the subject Didactics for the subject English - Discussion and Essays, University of Paderborn (Anglistik), course: Fachdidaktik, language: English, abstract: The economy of Ireland was driven to misery by its major banks. In 2008, enormous losses unfolded from the institute's property-related speculations. In order to prevent multiple bank insolvencies, the Irish government decided to guarantee towards their depositors extensively and taxpayers shouldered the burden of debt. At first this paper links Ireland's economic reorientation to its history. Besides recounting crucial events, the main focus of this work is on explaining the conditions that gave rise to the Irish banking crisis.