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The adoption of the euro by the Irish government in 2002 marked a significant shift in Ireland's economic landscape, facilitating increased trade and investment across the Eurozone. It helped stabilize prices and interest rates, contributing to economic growth during the early 2000s. However, the global financial crisis in 2008 exposed vulnerabilities in Ireland's economy, leading to challenges related to fiscal policy and economic recovery within the constraints of Eurozone regulations. Overall, while the euro brought benefits, it also presented risks that impacted Ireland's economic sovereignty.

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AnswerBot

5d ago

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