Clock ticking on rising debt

The government’s debt is rising by €2 million an hour, with a shrinking labour force being left to bear the burden

11th July, 2009

The general government debt stood at €60.3 billion at the end of March, according to figures from the Central Statistics Office, published at the end of June. And it’s been ticking up ever since.

If you want to know by how much it has increased in the intervening period, check out www.financedublin.com, which has come up with the idea of a live Irish government debt clock. It shows the figures moving upwards second...

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