The following report was drawn up by the Irish Marxist group, Socialist Democracy
10 November 2010
The Irish State is one of the most globalised in the world and for nearly two decades was held up as a model of economic development across Europe and further afield. Now it is in severe crisis and faces bankruptcy. The Irish Government has applauded its ‘first mover’ advantage in its efforts to enforce austerity – that it was taking the steps that sooner or later all other states would be forced to take. The small and weak character of the Irish State means that it often exaggerates trends that exist elsewhere. For all these reasons the Irish experience is an important one for others to study.