That is more interesting, thank you. I wonder what happened in Ireland.
Bank guarantee and then arm-twisting by EU not to do and Iceland because of possible contagion.
Also welfare and pensions were maintained as the economy shrunk, possibly to prevent unrest.
Deregulation and low tax rates created an outsized financial services industry that fueled a housing bubble which then burst and had to be bailed out by the state, quadrupling the public debt.