The Recession, Bank Bailout or our Deficit? Does the Fiscal Compact Treaty Deal with the Cause of the Crisis?

by People’s Association Watchdog What Caused the Crisis? The collapse of the Irish banking system was principally caused by a failure of regulation and the reckless lending practices of the Irish and European banking system. According to the Banking Enquiry: Financial integration in the euro area allowed banks in Ireland unprecedented access to cross-border funding. […]