Wednesday 22 February 2017

The hows, whats and whys of our huge national debt

Published 23/04/2010 | 05:00

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

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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?

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