After financial markets collapsed in 2008, Ireland was in quite bad shape and requested a 67 billion Euro bailout from the EU. The EU granted it under the condi

After financial markets collapsed in 2008, Ireland was in quite bad shape and requested a 67 billion Euro bailout from the EU. The EU granted it under the condition that Ireland gets their finances in order and imposes austerity measures on its citizens. https://en.m.wikipedia.org/wiki/Post-2008_Irish_banking_crisis https://en.m.wikipedia.org/wiki/Post-2008_Irish_banking_cris...