Ireland Heads Forbes' List Of The Best Countries For Business

Three years ago, European governments and the International Monetary Fund sent Ireland a $113 billion (85 billion euro) bailout package to support the country’s budgetary needs and prop up the Irish banking system. The loan came after the Irish economy was devastated by the Great Recession. The bursting of the housing bubble was at the center of Ireland’s problems, and even with recent gains, home prices are still roughly 50% off their 2007 highs. Moody’s Analytics doesn’t expect home prices to reach 2007 levels for another two decades.

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