To stabilize the banking crisis in Ireland the:
A)Irish government guaranteed all bank debt.
B)European Union central bank revalued the euro.
C)European Union central bank devalued the euro.
D)Irish government declared a bank holiday for several weeks.

Question

Quizplus · Accepted Answer

The Irish government guaranteed all bank debt to stabilize the banking crisis in Ireland. This was done to restore confidence in the banking system and prevent a run on the banks. The guarantee covered all deposits and liabilities of Irish banks, and was initially supposed to be in place for two years, but was extended multiple times.

To Stabilize the Banking Crisis in Ireland The