Friday June 5, 2020

It’s not as bad as the 1980s

While some economists believe that Ireland is in a worse position than it was in the 1980s, a comparison of the facts and figures shows that, overall, we are probably in a better position now

16th July, 2011

Many commentators suggest that the terms of the EU/IMF deal are in danger of leaving Ireland with an unsustainable debt burden which makes default inevitable.

This assertion is focused on the bank debt which, when added to the debt arising from the current deficit in the public finances, is, they argue, sufficient to tip the country over the edge.

The public anger against the scale of the bank debt is natural and understandable, as...

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