Another week older and deeper in debt
As official figures show our borrowing levels at the top of the EU league, the government must battle to retain investor confidence
Each year, around this time, EU statistical body Eurostat publishes its revised estimates for the level of government borrowing in EU member states for the previous year. It was unfortunate for Ireland that this year’s publication came as the debt crisis in Greece was ratcheting up another notch.
There is never a good time to announce that the official measure of government borrowing last year - the general government deficit -was 14.3 per...
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