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By Invitation

Ireland's Bailout: One Year On

Dick Roche was Ireland's Minister for European Affairs until March 2011. At this time, national elections resulted in a loss of the Fianna Fail party, which had been in power during the 2008-2011 Irish financial crisis. In this article, Dick Roche provides ECN with an exclusive, inside view of the state of public finances, the impact of bank lending to the real estate sector, and the negotiations which led to the Irish bailout.

This is part of a paper delivered to the "Quo Vadis Europe" conference organised by Suomen Keskusta, the Finnish Centre Party and the European Liberal Democrat and Reform Party (ELDR), held in Helsinki on Monday 14 November. Dick is Vice President of the ELDR and a member of ECN's Advisory Board.