Ireland's banking meltdown and the billions of euro in indebtedness heaped upon the shoulders of the Irish people is causing very immediate and personal financial problems for individuals and families.
A credit unions survey highlighted in today's Herald reveals more than 200,000 people do not even have enough money to pay their basic weekly and monthly bills.
For more than a million others, little money remains for the small treats that can make the stresses of daily living more bearable.
No cash is left for holidays or activities that can enhance a family's quality of life.
The drop in incomes caused by the economic implosion is far from being an abstract problem for IMF and EU economists.
It is a personal one as people are confronted with problems of making ends meet on a daily and hourly basis. The people are enduring daily their own financial 'stress test'.