Business Recorder - World - Europe https://www.brecorder.com/ Business Recorder en-Us Copyright 2026 Fri, 14 Aug 2026 00:20:51 +0500 Fri, 14 Aug 2026 00:20:51 +0500 60 Timeline of Ireland's economic and political crisis https://www.brecorder.com/news/3730/timeline-of-irelands-economic-and-political-crisis <p class="MsoPlainText"><img style="margin-bottom: 10px; margin-right: 10px; float: left;" src="https://i.brecorder.com/images/stories/pics2010/crown.2.jpg" width="400" height="250" />DUBLIN:  Ireland holds elections on Friday, when voters are expected to kick Prime Minister Brian Cowen's government out of office over his handling of an economic crisis that led to an EU-IMF bailout.</p> <p class="MsoPlainText">September 2008, Statistics confirm Ireland has entered a deep recession.</p> <p class="MsoPlainText">Fearing a run on Irish banks left exposed by the collapse of the property market and the global financial crisis, Cowen's government announces it will guarantee all deposits to the tune of 440 billion euros.</p> <p class="MsoPlainText">Cowen's government promises a four-year austerity plan to bring the deficit back to three percent by 2014.</p> <p><center><b><i>Copyright AFP (Agence France-Presse), 2011</i></b><i> </i></center></p> DUBLIN:  Ireland holds elections on Friday, when voters are expected to kick Prime Minister Brian Cowen's government out of office over his handling of an economic crisis that led to an EU-IMF bailout.

September 2008, Statistics confirm Ireland has entered a deep recession.

Fearing a run on Irish banks left exposed by the collapse of the property market and the global financial crisis, Cowen's government announces it will guarantee all deposits to the tune of 440 billion euros.

Cowen's government promises a four-year austerity plan to bring the deficit back to three percent by 2014.

Copyright AFP (Agence France-Presse), 2011 

]]> World https://www.brecorder.com/news/3730 Sun, 20 Feb 2011 06:52:48 +0500 none@none.com (Muhammad Iqbal)