from
EIU World Investment Service41 page (17609 word) report
published Nov 22, 2009
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EIU World Investment Service
...The current government, which was elected in May 2007, is a three-party coalition. Fianna Fail, which is just short of a majority in the 166-seat lower house, is the senior partner. The Green Party (six seats) and Progressive Democrats (two seats) give the coalition a solid majority. This is buttressed by the support of a number of independent parliamentarians. Excessive government expenditure from 1977 coincided with a period of rapidly rising international interest rates and economic slowdown following the second oil crisis in 1979. The stock of government debt grew rapidly, and by the early 1980s a crisis point had been reached. Three changes of government in 1981-82 were followed by a Fine Gael-Labour coalition between 1983 and 1987, which managed only to halt the growth of the perilously large public debt. From 1987, when a minority Fianna Fail government took office, public expenditure was slashed, with support from both Fine Gael and the newly formed and economically liberal Progressive...
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| Source: | World Investment Data and Forecast
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| Country: | Ireland
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| Free Sample: |
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| Format: | | PDF |  |
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Essential support for all your foreign investment decisions. World Investment Service features a detailed database containing flows of investment by country and industry, overseas mergers and acquisitions and business costs. The service covers the world's 60 largest economies and provides detailed analysis on political and economic background, business environment, foreign investment regulations and trends in foreign investment.
