Thursday 30 March 2017

The hows, whats and whys of our huge national debt

Thomas Molloy

Thomas Molloy

SO what's getting everybody so excited about our national debt?

New figures say we borrowed more money than anywhere in Europe last year. According to the EU's statistics agency Eurostat, Ireland's deficit was 14.3pc of gross domestic product -- even worse than Greece which is presently Europe's whipping boy because its borrowing is seen as excessive.

That's rather a lot. I thought we were around 12pc?

Please sign in or register with Independent.ie for free access to Opinions.

Sign In

Don't Miss