The "Celtic Tiger" is a term referring to the economy of Ireland from the mid-1990s to the late 2000s,a period of rapid real economic growth fuelled by foreign direct investment. The boom was dampened by a subsequent property bubble which resulted in a severe economic downturn.
An escrow is a contractual arrangement in which a third party receives and disburses money or property for the primary transacting parties,with the disbursement dependent on conditions agreed to by the transacting parties. Examples include an account established by a broker for holding funds on behalf of the broker's principal or some other person until the consummation or termination of a transaction;or,a trust account held in the borrower's name to pay obligations such as property taxes and insurance premiums. The word derives from the Old French word escroue,meaning a scrap of paper or a scroll of parchment;this indicated the deed that a third party held until a transaction was completed.
Anglo Irish Bank was an Irish bank headquartered in Dublin from 1964 to 2011. It began to wind down after nationalisation in 2009. In July 2011 Anglo Irish merged with the Irish Nationwide Building Society,forming a new company named the Irish Bank Resolution Corporation. Michael Noonan,the Minister for Finance stated that the name change was important in order to remove "the negative international references associated with the appalling failings of both institutions and their previous managements".
Joseph Duffy is an Irish radio and TV presenter employed by RTÉ. One of the public service broadcaster's highest-earning stars,he is the current presenter of Liveline,an interview and phone-in chat show broadcast on RTÉRadio 1 on Mondays to Fridays between 13:45 and 15:00.
Allied Irish Banks,p.l.c. is one of the so-called Big Four commercial banks in the Republic of Ireland. AIB offers a full range of personal,business and corporate banking services. The bank also offers a range of general insurance products such as home,travel and car. It offers life assurance and pensions through its tied agency with Irish Life Assurance plc.
Fergus O'Dowd is an Irish Fine Gael politician who has been a Teachta Dála (TD) for the Louth constituency since the 2002 general election. He was appointed Chair of the Committee on the Implementation of the Good Friday Agreement in September 2020. He previously served as Chair of the Committee on Transport,Tourism and Sport from 2017 to 2020 and as a Minister of State from 2011 to 2014.
David McWilliams is an Irish economist,writer,and journalist. Since 1999,he has been a broadcaster,writer,economic commentator and documentary-maker. He has written five books,The Pope's Children,The Generation Game,Follow the Money,The Good Room and Renaissance Nation,and written regular columns for the Irish Times and Irish Independent.
The Irish property bubble was the speculative excess element of a long-term price increase of real estate in the Republic of Ireland from the early 2000s to 2007,a period known as the later part of the Celtic Tiger. In 2006,the prices peaked at the top of the bubble,with a combination of increased speculative construction and rapidly rising prices;in 2007 the prices first stabilised and then started to fall until 2010 following the shock effect of the Great Recession. By the second quarter of 2010,house prices in Ireland had fallen by 35% compared with the second quarter of 2007,and the number of housing loans approved fell by 73%.
Bartholomew Patrick "Bertie" Ahern is an Irish former Fianna Fáil politician who served as Taoiseach from 1997 to 2008,Leader of Fianna Fáil from 1994 to 2008,Leader of the Opposition from 1994 to 1997,Tánaiste and Minister for Arts,Culture and the Gaeltacht from November 1994 to December 1994,Deputy Leader of Fianna Fáil from 1992 to 1994,Minister for Industry and Commerce in January 1993,Minister for Finance from 1991 to 1994,Minister for Labour from 1987 to 1991,Government Chief Whip and Minister of State at the Department of Defence from March 1982 to December 1982 and Lord Mayor of Dublin from 1986 to 1987. He served as a Teachta Dála (TD) from 1977 to 2011.
A Special Saving Incentive Account (SSIA) was a type of interest-bearing account in Ireland. These accounts were available to open between 1 May 2001 and 30 April 2002,and featured a state-provided top-up of 25% of the sum deposited.
Terence Flanagan is an Irish Fine Gael politician who has served as a Dublin City Councillor since May 2019. He previously served as a Teachta Dála (TD) for the Dublin North-East constituency from 2007 to 2016.
Declan James Ganley is an English-born Irish entrepreneur,businessman,and political activist. He was the founder and leader of the Irish branch of the eurosceptic Libertas Party.
The National Consumer Agency was a statutory body enforcing consumer protection in Ireland from 2007 to 2014,when it amalgamated with the Competition Authority to form the Competition and Consumer Protection Commission.
The economy of the Republic of Ireland is a highly developed knowledge economy,focused on services in high-tech,life sciences,financial services and agribusiness,including agrifood. Ireland is an open economy,and ranks first for high-value foreign direct investment (FDI) flows. In the global GDP per capita tables,Ireland ranks 2nd of 192 in the IMF table and 4th of 187 in the World Bank ranking.
RaidióTeilifís Éireann is an Irish public service broadcaster. It both produces and broadcasts programmes on television,radio and online. The radio service began on 1 January 1926,while regular television broadcasts began on 31 December 1961,making it one of the oldest continuously operating public service broadcasters in the world. It is headquartered in Donnybrook in Dublin,with offices across different parts of Ireland.
Davy Group is Ireland's largest stockbroker,wealth manager,asset manager and financial advisor and has offices in Dublin,Belfast,Cork,Galway and London. Davy offers services to private clients,small businesses,corporations and institutional investors.
The 2016 Irish general election to the 32nd Dáil was held on Friday 26 February,following the dissolution of the 31st Dáil by President Michael D. Higgins on 3 February,at the request of Taoiseach Enda Kenny. The general election took place in 40 Dáil constituencies throughout Ireland to elect to elect 158 TeachtaíDála to Dáil Éireann,the house of representatives of the Oireachtas. There was a reduction of eight seats under the Electoral (Amendment) Act 2013.
The Reform Alliance was an Irish political group formed on 13 September 2013 by Oireachtas members who had been expelled from the Fine Gael parliamentary party for voting against the party whip. Since the dissolution of the 31st Dail,it has been defunct. Its members described it as a "loose alliance" but did not preclude forming a political party in the future.
The Centre Party of Ireland,formerly Renua,is a fringe political party in Ireland. The party was launched on 13 March 2015,with former Fine Gael TD Lucinda Creighton as founding leader. Prior to its launch it had used the slogan Reboot Ireland. The name Renua was intended to suggest both the English Renew and the Irish RéNua "New Era". The party changed its name to the Centre Party of Ireland in 2023.
Numerous polls of support for political parties in Ireland were taken between the 2011 general election and the 2016 general election,held on Friday,26 February 2016. The article also contains polls taken after the election while a government was being formed.
