The government — a coalition between the right-wing Fine Gael party and the Irish Labour Party — came to power in 2011 on the back of public outrage over austerity and social spending cuts.
The impact from the global financial crisis hit Ireland particularly hard. According to Eurostat, Ireland has paid 42 percent of the total cost of the European banking crisis, or 41 billion euros — about 9000 euros per person. The average across the European Union is 192 euros per person.
The government of Fine Gael Taoiseach (prime minister) Enda Kenny is presiding over further austerity cuts at the behest of the International Monetary Fund (IMF) and the European Central Bank (ECB). The unemployment rate, however, remains well into double figures, and wages are low.
Despite the scale of Ireland’s economic collapse, social unrest has remained minimal. Instead, Ireland — with a population of only 4.5 million — has witnessed a more literal decimation. More than 400,000 people, mostly young people, skilled workers and families, have emigrated in search of work and a better lifestyle.