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Will The Irish Debt Pyramid Collapse Before The U K's?

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Liam O'Reilly, the regulator's Chief Executive, told BBC Radio 4's Money Box programme the move is partly a response to the
growing level of debt in Ireland
"It is certainly growing at or above the EU average at about 30% per annum," he said.

Looks like HPI is putting more people in debt rather than raising levels of wealth. Is the economic miracle in Ireland headed down the same path to destruction as Gordon's economic miracle here?

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Apparently Eire has a budget surplus

and made tax cuts in their budget.

Also, a number of tax effciient savings

vehicles are beginning to mature,

which will put yet more cash in peoples

pockets, and offset the ECB rate hike

It may be that the cash is used to pay

down existing debt, but it could also be

used to gear up yet more.

I wonder which will happen?


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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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