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Ireland - Time To Flush The Bog

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Total and utter financial insanity.

http://www.eecho.ie/news/bstory.asp?j=3984...x&n=3984917

Debt levels increasing at fastest rate in six years

The bank said the total amount of money owed by private citizens increased by 29.8% in the 12 months to May of this year, the highest rate since March 2000.

I see the point of no return receding far into the distance in the rear view mirror

nice thread title btw ;)

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Total and utter financial insanity.

http://www.eecho.ie/news/bstory.asp?j=3984...x&n=3984917

Debt levels increasing at fastest rate in six years

The bank said the total amount of money owed by private citizens increased by 29.8% in the 12 months to May of this year, the highest rate since March 2000.

The Irish Repubilc owes 282bn Euros. Based on a bit of schoolboy arithmetic this is (282/1.44) approximately £195bn for the 4.5 million people living there. This is roughly £43K for every man, women and child.

The UK has 1.2 trillion pound debt for 60 million people, or about £20K for every man, women and child.

Therefore, is it fair to say that the population of the Republic owes over twice as much per head as the UK's mega debt? That or I've cocked up somewhere.

Edited by The_Equalizer

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http://www.rte.ie/news/2006/0630/consumers.html

Consumer confidence continues to slide
30 June 2006 14:27
Consumer confidence here has slipped for the fourth time in five months as people take on board the implications of recent interest rates rises and share price falls.
The continued slide is according to the latest consumer sentiment index from IIB Bank and the ESRI.
The index shows that although consumers believe current economic conditions have improved, their concerns about where the economy is heading have grown and as a result overall confidence fell by 3.2% last month.

They know something is wrong, very wrong. :o

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Let keep this thread going.

This is out from Goodbody Stockbrokers this morning. The Credit Unions are in trouble with the Regulator. It seems they've been lax with their lending criteria and have mounting bad debts....

In an interview in one of this morning’s newspapers, the Financial Regulator has indicated it has

written to the boards of directors of 26 credit unions to examine what action they should take to

deal with high levels of bad debts. The have to respond by the end of the summer. The regulator

indicates that figures provided by these credit unions raised serious issues for them. This

development follows the release a few weeks ago of a confidential report for the Irish League of

Credit Unions indicating that many credit unions are ignoring mounting credit problems among

their members. The report indicates that the delinquency ratio in almost three-quarters of the 448

credit unions analysed in 2003 was above the league’s guideline target of 5% and that some

credit unions have very significant adverse ratios.

For those of you not familiar with Credit Unions, they are prevalent throughout Ireland and almost every major town has one.

Even I'm shocked that this has happened already. I didn't think we would hear news like this until next year, when interest rates have really started to bite. Perhaps things are even worse that most of us have imagined. :o

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Let's have no Irish racist cr@p on here. I get enough of it at home from my kids.

Ireland is a country, not a race, so it would be difficult to be racist about the Irish!

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Ireland is a country, not a race, so it would be difficult to be racist about the Irish!

Err, Ireland is a country - true, more or less.

The Irish are the race that inhabit that country.

So, as I said, no racist cr@p about the Irish please.

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Err, Ireland is a country - true, more or less.

The Irish are the race that inhabit that country.

So, as I said, no racist cr@p about the Irish please.

Are the English a race then?

Oh, no, that would be racist wouldn't it. :rolleyes:

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For some people at least, the word "racism" has effectively become a shorthand for the term "ethnic prejudice". "Ethnic" means related to origins. So, ethnic prejudice could be based on the target group's skin colour, national, regional or cultural identity, language, religion or any other identifiable trait of an ethnic group.

So, in this sense at least, IMHO racism doesn't really have to be based on "race". This is convenient because "race" is a bit of a dodgy and ill-defined concept anyway. It would be more accurate to use the term "ethnic prejudice" but it is a bit of a mouthful.

frugalista

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Err, Ireland is a country - true, more or less.

The Irish are the race that inhabit that country.

So, as I said, no racist cr@p about the Irish please.

Have you listened to any sports pundits in Ireland over the last two weeks? There's not much peace and love towards the English at the moment.

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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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