Word: celtics
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Dates: during 2000-2009
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...instance, Lenihan unleashed deeply unpopular cuts in public-sector pay that look set to trigger strike action. But when it comes to a spending squeeze of their own, says Tilford, "the Greeks are a long way from recognizing that they really have no choice." (Read "Ireland's Economy: Celtic Crunch Time...
...During the boom years, banks lent vast sums of money to developers as property fever gripped the newly wealthy nation. But when the bubble burst with the global meltdown last year, these unpaid loans left huge holes in the banks' books and the liberal lending of the Celtic Tiger era came to an abrupt halt. To steady the ship, the government placed a blanket guarantee on deposits in six Irish banks last September. At the time, according to Finance Minister Brian Lenihan, it was "the cheapest bailout in the world." But that claim soon came back to haunt...
...Ireland's gaping deficit. "No one even knows if [NAMA] will work because it's never been done before," she says. "All I know is that it won't be the developers or bankers who'll be feeling the pain if it all goes wrong." (Read "Ireland's Economy: Celtic Crunch Time...
Lue’s eclectic expertise doesn’t just extend to art. A surprised former student Mark B. Geyer ’06 recalls that Lue held his own in a conversation about Celtic languages and literature. “Dr. Lue and I then talked about Celtic poetry at our next meeting,” Geyer says...
...most voters, the biggest difference over the past 16 months has been the global economic crisis, which has hit Ireland particularly hard and ended the era of the 'Celtic Tiger'. Economic uncertainty helped persuade many voters that Europe offers a safe haven...