“Bailout of Ireland” In our group essay, we will analyze the state of Ireland's economy, from before the Celtic Tiger to 'to the here and now and what the future holds. for the citizens of the state. This topic is much discussed in today's news and has been for some time. From an economic perspective, we will look at what is causing the problems and who is responsible. We will examine the current implications of poor decisions for the public and the economy. We will see how this could have been avoided and what lessons can be learned from these mistakes for future generations. Ireland was once considered the poorest of Europe's rich countries. Everything changed dramatically in the 1990s, when the Irish economy experienced unprecedented growth. For many years, it appeared that internal and external dynamics worked side by side to ensure sustainable economic growth. Since the 1950s, Ireland has evolved from a conventional, old-fashioned rural country to a modern economy and society moving from Church authority to confident diversity. She comes from a society of emigrants. As a third of a generation emigrated to find work in a diverse society, the country went from one with marginal social services to a modern welfare state. While Ireland's social security system was initially seen as a pale copy of that of its nearest neighbor the United Kingdom, following the economic downturn of the 1980s, Ireland experienced an increase in employment which, in turn, boosted competitiveness and led to rapid economic growth. This continued until 2000, when Ireland became on par with the Western world in terms of salary levels. Growth was expected to gradually slow down, but the con...... middle of paper ...... were mainly led by the promise of a big profit, this false pretense helped the higher authorities to be blinded by the chances of achieving certain personal goals, so that they only cared about continuing their personal and collective growth without properly analyzing the decisions and understanding the recklessness of their actions, they failed to anticipate that their selfish actions would eventually and inevitably have a serious effect on the Irish economy. as a whole and for many people who now find themselves unemployed. The recession has affected almost everyone and methods must be used to punish those who have acted irresponsibly and learn from our mistakes in order to protect the future economic strength of the state.http://www.wsm. ie/c/introduction-crisis-ireland- causes-conflicts http://www.irishtimes.com/business/economy/ireland/blinkered-thinking-at-the-heart-of-ireland-s-