爱尔兰债务危机目录
Irish debt crisis directory
The background of a debt crisis
causes
Chain reaction
Irish model was challenge
The Irish government's voice
The background of a debt crisis
The real estate foam is Irish debt crisis of the perpetrator. Along with the real estate bust, together with international financial impact of the tsunami, five big bank of Ireland on the brink of bankruptcy. The Irish government recently said, because aid their five bank the highest possible cost 50 billion euros, expect 2010 fiscal deficit will flash to gross domestic product (GDP), 32% of the public debt to 100% of GDP. News of the release, the Irish national debt interest rates soaring immediately. Irish 10-year Treasury interest rates has already reaches 9%, Germany is the national debt interest rate three times as much as the same period. November 22,, the government for news into each big newspaper headlines
In order to maintain financial stability, the Irish government had to expensive aid their bank, the bank's problem "kubrick", leading to finance is overwhelmed. According to the Irish government in late September figures, salvage their five most Banks may need to be 50 billion euros, Ireland this year's budget deficit will soared to 32% of gross domestic product, history is rare, which started the prelude of the debt crisis. The real estate industry kidnapped bank, bank and kidnapped the government, this is Irish sovereign debt crisis in the simple logic behind.
causes http://www.51lunwen.org/jrwj/2012/0117/lw201201171339509518.html
Irish central bank governors HuNuo han recently noted, Ireland the causes of the financial crisis in three-quarters for domestic factors, a quarter for external factors. Hu think, Ireland in the last century in the process of joining the euro, the currency (Irish pounds) the nominal interest rate and real interest rates appear to fall sharply investors heavily outnumbered by the capitalization of the real estate and other assets ratio, this and love the government for the financial system of the regulatory cracks constitute a country's recent financial storm of endogenous factor. And the Irish the export-oriented economic strategy led to too high, the national debt export excessive dependence on the international market is contributed to the financial crisis of the external factors.
Chain reaction
Irish debt crisis hold up the euro, nov. 16, 2010 the euro against the dollar from November 4, 1.42 high of 1.34 to decline. Affected by this, Portugal, Spain and Greece national debt interest rate of recent is rising quickly. The Greek debt crisis has not been in the past, Ireland and in the center of the international financial turmoil, the eu is facing serious challenges.
Irish model was challenge
In the 1990 s, Irish from previous debts, economic stuck to the fore, in Europe in the environment of a depression, the Irish double-digit economic growth rates become a popular global success example. "The Irish model" core secret through the low tax rates attract foreign direct investment, make Ireland become a global capital investment European bridgehead that, in turn, drives and the rapid development of real estate industry. After the financial crisis in 2008, the Irish estate bubble, the whole country one 5 of GDP dun in invisible. What followed was the government tax sources dry, but years of accumulation of public spending is high, the financial crisis revealed. More worryingly, the country's banking credit highly centralized, with real estate and the public sector, the plight of any bank may result in a chain reaction. The financial crisis and the bank crisis, become the two great concern to Ireland. The European Union has approved to Ireland's 85 billion aid
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The Irish government's voice
The Irish government said at the end of September, because aid their five bank the highest possible cost 50 billion euros expected this year, budget deficit will flash rose to 32% of GDP, public debt to 100% of GDP. News of the release, the Iri
