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The Irish 2010 bailout programme

Brunner, F. (2019) The Irish 2010 bailout programme.

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Abstract:The economic crisis of 2008 struck, the until then known “Celtic Tiger”, hard. Six of the major Irish banks were on the brink of bankruptcy and had to be refinanced with public funds. In 2010, the situation became unbearable and the Irish government officially requested a bailout loan from the European Financial Stability Facility (EFSF), the European Financial Stability Mechanism (EFSM) and the International Monetary Fund (IMF). Since then, Ireland had to go through a period characterized by very strict austerity policies and structural reforms imposed by the lending parties. With the help of the Liberal Intergovernmentalism theory by Andrew Moravcsik (1993), this research tries to uncover how Ireland managed its external obligations with its domestic preferences. This study will stress Liberal Intergovernmentalism to its limits since it is expected that, contrary to what Liberal Intergovernmentalism would predict, domestic interest groups preferences where anathema to following the strict rules imposed by the lending parties.
Item Type:Essay (Bachelor)
Faculty:BMS: Behavioural, Management and Social Sciences
Subject:70 social sciences in general, 83 economics, 88 social and public administration, 89 political science
Programme:Management Society and Technology BSc (56654)
Link to this item:http://purl.utwente.nl/essays/79006
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