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Editorial: Struggling families on the edge

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'.


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