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Dublin: 10°C Thursday 22 October 2020
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So, what did we spend the bailout money on anyway?

And how did it affect Ireland’s business environment?

Updated 10.11

TODAY, AS YOU’VE probably heard, marks the last working day before the Troika leaves town.

Three years after Ireland entered the programme, the exit will be complete on Sunday. But, where did the money come from, how did we spend it, and how did it affect Ireland?

Receiverships up, liquidations down

Vision-net’s infographic compares the business environment from the Troika’s arrival in 2010, to their exit today, applying the figures from the month previous.

It reveals that while the number of judgements fell in November 2010 compared to 2013 by 36 per cent, the value of those taken this rose rose significantly.

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Figures relating to failing companies show that while banks are “now more forcefully pursuing” debts owed to them, a more than 300 per cent rise in the number of Examinerships indicates that when businesses are failing, they have a stronger chance of survival.

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In a separate graphic, the economists at PublicPolicy.ie have today released this infographic, which shows just where the money went, with the vast majority going towards bridging the gap in the country’s finances.

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(PublicPolicy.ie)

Can’t read this graphic? Click here.

Read: The quarterly reviews may be over, but the Troika aren’t leaving just yet

Read: Ministers have some good news, and they’ll be telling us about it all day

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