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The political background to and social impact of Ireland's "economic bailout"

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Abstract

Since achieving independence from the United Kingdom, the Irish State's ability to develop economic policies that address all of the requirements of a peripheral European nation has been met with many failures. The reasons for these are complex, but one overriding issue is prevalent throughout modern Irish history. The self-interest of the ruling elite which have held power has always been prioritized over the requirements of the wider public. This chapter will examine the social, political and economic issues that underpin the current phase of recession and austerity in the Republic of Ireland. It will do so by charting the literature, which covers the early years of the Irish State, right through to the observations of commentators who witnessed the events which surrounded the collapse of the Irish financial sector in 2008. The chapter will also examine the social impacts of the policies which have been developed to address Ireland's unbalanced economic performance over time.

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Ireland's economic development not only provided many benefits but also caused difficulties locally and nationally. The economic crash and bailout, which occurred from 2008, have mired the country with huge debts. In addition, development created many environmental challenges in rural, suburban and urban areas. This chapter will examine community responses to those environmental challenges, discussing the mobilisation of the environmental campaigns that shaped the emergence of the Irish environmental movement.
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