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Ireland: A Celtic Tiger Booms & Busts [1/6]

2018Time: 2:11IMF

The IMF sent Steve Dorst to Ireland to tell this story. Steve produced, directed, shot, wrote and edited. When the Irish Miracle overheated in 2008, a property bubble and banking crisis provoked a severe economic downturn. In part because of regional dynamics and the Great Recession, Ireland’s response was insufficient, and the decline persisted. In late 2010, a troika of institutions responded: the European Commission, the European Central Bank, and the IMF. Despite growing pains, the troika succeeded in stabilizing Ireland’s banks and helping the economy bounce back.

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