The Irish Banking Crisis

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.