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About: Post-2008 Irish banking crisis     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : yago:WikicatFinancialCrises, within Data Space : dbpedia.org associated with source document(s)

Type: Thingyago:Abstraction100002137yago:Attribute100024264yago:Condition113920835yago:Crisis113933560yago:Difficulty114408086yago:Situation114411243yago:State100024720yago:WikicatFinancialCrises New Facet based on Instances of this Class

The post-2008 Irish banking crisis was the situation whereby, due to the Great Recession, a number of Irish financial institutions faced almost imminent collapse due to insolvency. 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. Ultimately, added onto the deepening recession in the country, the banks' bailout was the primary reason for the Irish government requiring IMF assistance and a total restructuring of the Irish Government occurred as result of this.