The Weight of National Debt (Leaving Cert Geography): Flashcards
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Alternative name for national debt
Alternative name for national debt
Public debt
How many primary ways does national debt disempower citizens?
How many primary ways does national debt disempower citizens?
Six
Debt servicing % of budget in heavily indebted nations
Debt servicing % of budget in heavily indebted nations
20-30% or more
Year Ireland faced severe economic crisis
Year Ireland faced severe economic crisis
2010
Year global economic downturn struck
Year global economic downturn struck
2008
Irish banks' property lending compared to Ireland's GDP
Irish banks' property lending compared to Ireland's GDP
Four times Ireland's GDP
Ireland's bailout package amount
Ireland's bailout package amount
€85 billion
Year Ireland exited the bailout
Year Ireland exited the bailout
2013
Ireland's unemployment rate peak in 2012
Ireland's unemployment rate peak in 2012
15.9%
Ireland's unemployment: 2006 vs 2012 peak
Ireland's unemployment: 2006 vs 2012 peak
4.6% in 2006, 15.9% in 2012
Ireland's standard VAT rate change in 2012
Ireland's standard VAT rate change in 2012
Increased from 21% to 23%
Name of 'temporary tax' introduced during Ireland's crisis
Name of 'temporary tax' introduced during Ireland's crisis
Universal Social Charge (USC)
Ireland's peak net migration figure and year
Ireland's peak net migration figure and year
-27,100 in 2010
Total emigration from Ireland during crisis period
Total emigration from Ireland during crisis period
397,000 people
Main age group of Irish emigrants during crisis
Main age group of Irish emigrants during crisis
Young people aged 18-24