It’s jarring to hear that a nation of fewer than five million people has become the fourth-largest foreign holder of US treasuries.
But that appears to be the case. Ireland’s stake in US government debt is now bigger than its annual economic output and amounts to $264.3 billion (€235.6 billion), according to the latest data.
That works out at about $52,860 (€47,125) for each Irish resident.
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