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Friday 9 December 2016

New property bubble inflates with bull market for Irish agricultural land

Declan Ganley

Published 14/04/2015 | 02:30

Amidst the welcome ‘positivity’ in Ireland’s economy, one could be forgiven for forgetting that Irish taxpayers are still carrying the greatest per capita debt burden in Europe and second highest in the world – some €57,098, per Bloomberg, for every man, woman, and child
Amidst the welcome ‘positivity’ in Ireland’s economy, one could be forgiven for forgetting that Irish taxpayers are still carrying the greatest per capita debt burden in Europe and second highest in the world – some €57,098, per Bloomberg, for every man, woman, and child

Amidst the welcome 'positivity' in Ireland's economy, one could be forgiven for forgetting that Irish taxpayers are still carrying the greatest per capita debt burden in Europe and second highest in the world - some €57,098, per Bloomberg, for every man, woman, and child.

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This legacy is the rotten fruit of a property bubble that ruined our banks, whose losses were then assumed on behalf of the nation by a craven political class convinced that these financiers were too big to fail.

We are not yet a decade past the darkest days of that financial panic. And yet another property bubble is inflating before our eyes, right here in Ireland.

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