The severe contraction in the numbers at work was somewhat mitigated by the continued availability of jobs abroad, both for recent immigrants who wished to return to their place of origin and others who sadly resumed the historical pattern of seeking employment opportunities abroad when few were available at home.
10  BIS central bankers’ speeches  The eurosystem has also picked up the pieces on the downside: stepping-in to fund the liquidity deficit as the excessive bank borrowings from the global financial system drained out when markets lost confidence in the Irish Government’s capacity to both bring its regular deficit under control and pay for the mounting losses of the banking system.