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This major new account of the politics of modern Ireland offers a rigorous analysis of the forces which shaped both how the Irish state governed itself from the period since 1987 and how it lost its economic sovereignty in 2010. This study comprehensively assess the last quarter century in Irish electoral politics from the time of the end of a deep recession in 1987 to the general election of 2011 where Ireland was ruled by the Troika and austerity was a by-word for both policy-making and how many Irish people lived their lives. It analyses why the political system in Ireland was unable to stop the country losing its economic sovereignty and why the Irish electorate kept returning to political alternatives which they had rejected in the past. Written in a lively and engaging style it offers rich insights into the politics of modern Ireland and how Irish citizens have lived through a period combining triumphant euphoria and deep despair.