Ireland鈥檚 fall from its economic pedestal was as dramatic as Iceland鈥檚. It was in a period of booming growth, earning the nickname of the 鈥淐eltic Tiger,鈥� until its economy screeched to a halt in early 2009. It reluctantly agreed to a bailout from the EU in December 2010 that came hand-in-hand with an austerity budget meant to chip away at its mounting debt.
Reuters reports that Ireland鈥檚 efforts to get its house in order have been successful and that it than other bailout recipients as a result 鈥� but it has yet to rein in its debt, which is expected to continue climbing. In April, Ireland鈥檚 public debt stood at 114 percent of its GDP, and it is expected to hit 125 percent in 2013.
