Seven days that changed our world
How the realisation grew, in the outside world, among the public at home and finally in the government, that a bailout was inevitable, writes Pat Leahy
It became clear last weekend that the prospect of outside intervention in Ireland’s ailing economy and banking system was becoming inevitable.
For months, the prospect of the IMF had been bandied about in political debate as a sort of bogeyman, waved around in budget discussions as a justification for harsh budget cuts expected in December.
We have to make these cuts, ministers argued, otherwise the IMF will be in. Few in government believed...
Subscribe from just €1 for the first month!
With any subscription you will have access to
Unlimited multi-device access to our iPad, iPhone and Android Apps
Unlimited access to our eReader library
Exclusive daily insight and opinion seven days a week
Create alerts to never miss a subject that matters to you
Get access to exclusive offers for subscribers on gifts and experiences
Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine