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national / eu / opinion/analysis Wednesday December 18, 2013 20:33 by O. O'C. 2 video files
“Ireland holds the undesirable position of being the only country currently undergoing a banking crisis that features among the top-ten of costliest banking crises along all three dimensions [..fiscal cost, increase in debt and output loss..], making it the costliest banking crisis in advanced economies since at least the Great Depression. And the crisis in Ireland is still ongoing” (Laeven and Valencia, 2012: 19-20) “That in what pertains to the control of credit the constant and predominant aim shall be the welfare of the people as a whole” Bunreacht na hÉireann, Article 45, Directive Principles of Social Policy read full story / add a comment |
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