Sunday 17 December 2017

Size of our debt is a real mystery

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.

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