we are borrowing more each week now than at the peak time of the collapseI'm not going to pretend to be all that literate when it comes to economics but I read today that Irish people borrowed 2.1 billion euro on new cars over the last 12 months with the average loan over 20 grand. That seems a staggering amount to me for a small Country.
If Ireland was a business it would be declared insolvent and continuing to trade would be breaking the law....
Ireland has more than 50bn euro to mature over the next 4 years.
Borrow more of the ol credit card, ECB magic?
God help us should the world economy tank again.
People are like lemmingswe are borrowing more each week now than at the peak time of the collapse