Size of our debt is a real mystery
Published 03/08/2010 | 08:52
IN Britain they're debating the cost of replacing their Trident nuclear missile submarines. It's estimated that it will cost €18bn to €24bn – around the same amount we've already poured into Anglo Irish Bank or are borrowing every year to pay for the state.
Here are a few other things we could do for the same amount: host the Olympics twice, run the Afghan or Iraq wars for four or five months, build three or four Large Hadron Colliders side by side – or have we already learned enough about black holes?
The real mystery is how a country of four million people accumulated superpower-sized debts.