Social and Behavioral Sciences Commons^™

Why Ireland: How Bank Failure Was Their Key To Success, Nia R. Gillenwater

Claremont-UC Undergraduate Research Conference on the European Union

Despite Ireland’s status as the first EU country to receive a bailout, Ireland appears to be bouncing back extremely well from the ongoing financial crisis in Europe and the EU. Looking at recent Irish economic statistics it begs the question whether the government’s complete guarantee of all Irish debts was the best response. Ireland’s financial crisis seemed quite similar to America’s: for both the root causes are freely lending for real estate and property. The responses however, were very different. While America let Lehman Brothers fail and only provided a partial guarantee to its banks, Ireland provided a complete guarantee …

Finland's Economic Freeze, Shivang Mehta

Claremont-UC Undergraduate Research Conference on the European Union

Abstract

The Eurozone sovereign debt crisis has been well documented and so has Germany’s booming manufacturing economy but these events are relatively easy to explain. Greece’s troubles can easily be traced to its social security structure and lack of land registry while Germany’s success is a result of labour reforms, an undervalued currency and an emphasis on small scale businesses which form the backbone of the economy. A relatively paradoxical case has been that of Finland; ranked second for global innovation by the World Economic Forum and with over $1.8 billion being invested by the government in the country’s tech …