Bratwurst Boy
12 Dec 2010
Law / Zloty lifts Poland's Economy [58]
By whom Milky? Why do you leave that little detail out???
/wiki/2008%E2%80%932010_Irish_financial_crisis#Background_and_causes
NOT Europes or the Euro's fault....but we are bailing you out now!
Ireland got screwed big time
By whom Milky? Why do you leave that little detail out???
Background and causes
The Irish economy expanded rapidly during the Celtic Tiger years (1995-2007) due to being one of the most economically free countries in the world, having an unusually low corporate tax rate, and low ECB interest rates, among other factors. This led to an expansion of credit and included a property bubble which petered out in 2007.Irish banks, already over-exposed to the Irish property market, came under severe pressure in September 2008 due to the global financial crisis of 2007-2010.
The Irish economy expanded rapidly during the Celtic Tiger years (1995-2007) due to being one of the most economically free countries in the world, having an unusually low corporate tax rate, and low ECB interest rates, among other factors. This led to an expansion of credit and included a property bubble which petered out in 2007.Irish banks, already over-exposed to the Irish property market, came under severe pressure in September 2008 due to the global financial crisis of 2007-2010.
/wiki/2008%E2%80%932010_Irish_financial_crisis#Background_and_causes
NOT Europes or the Euro's fault....but we are bailing you out now!


