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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.
The post-2008 Irish economic downturn in the Republic of Ireland, coincided with a series of banking scandals, followed the 1990s and 2000s Celtic Tiger period of rapid real economic growth fuelled by foreign direct investment, a subsequent property bubble which rendered the real economy uncompetitive, and an expansion in bank lending in the early 2000s.
The Economic Adjustment Programme for Ireland, usually referred to as the Bailout programme, is a Memorandum of understanding on financial assistance to the Republic of Ireland in order to cope with the Post-2008 Irish financial crisis . It was signed on 16 December 2010 by the Irish Government under then- Taoiseach Brian Cowen on one hand, and ...
The Central Bank of Ireland ( Irish: Banc Ceannais na hÉireann) is the Irish member of the Eurosystem and had been the monetary authority for Ireland from 1943 to 1998, issuing the Irish pound. It is also the country's main financial regulatory authority, and since 2014 has been Ireland's national competent authority within European Banking ...
Ireland will restructure its banking sector as part of a massive economic aid package from the EU and IMF. Irish banks will shrink, merge or be sold off, Finance Minister Brian Lenihan said ...
During 2010, the IMF had to use its economic bailout capacity to support Ireland and other European Union Member nations as a result of the economic fallout following the Great Recession. During the recession and the subsequent Post-2008 Irish banking crisis the economy went into an economic downfall which led to economic and political turmoil ...
The Icelandic financial crisis was a major economic and political event in Iceland between 2008 and 2010. It involved the default of all three of the country's major privately owned commercial banks in late 2008, following problems in refinancing their short-term debt and a run on deposits in the Netherlands and the United Kingdom.
The Financial Crisis Inquiry Commission ( FCIC) was a ten-member commission appointed by the leaders of the United States Congress with the goal of investigating the causes of the financial crisis of 2007–2008. [1] The Commission [2] has been nicknamed the Angelides Commission after the chairman, Phil Angelides.