Friday 23 March 2018

Out of credit

•Here is a true barometer of how Ireland is economically battling with the current turbulence and how the recession is affecting all sections of the community.

Goffs, the 145-year-old bloodstock auctioneers in Co Kildare, sold €127m worth of horses in 2007, but only €45m in 2010, with the firm recording a loss of €6.4m. The company is at present pursuing boom-time buyers, who failed to pay for their horses (Irish Independent, September 12).

Further down the financial ladder, the 7,000 people who joined the country's 409 credit unions over the past two years are now caught in new Central Bank restrictions.

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