Ireland Debt Time Bomb
The Government is poised to introduce further financial hardship in the coming budget, while at the same time a massive debt time-bomb is ticking. When it goes off it willl, no doubt, inflict massive social as well as financial damage.
The time bomb? Some 20% of mortgages are in serious arrears. Additionally personal loans at Credit Unions thooughout the country are also in arrears.
I worry for the immediate future.
.
Source: http://wood-pellet-ireland.blogspot.com/2013/09/ireland-debt-time-bomb.html
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