Ireland Set To Go Bust, Claims Economic Historian!

Originally posted by Rockpuck
Irish Debt to GDP nears 1,000%

WHAT??????????????????????????

Irelands debt to GDB was 40% in the end of 2008.. thats after the collapse. .. previously it was 25%.

For Irish debt to be at 1000% its GDP, we would have to owe approx 2.5 trillion euro's now... em?? Thats absolute rubbish.

Its estimated to be 62% of GDP in 2010 which is approx 150 billion

Can you explain to me exactly where you heard this tripe???

Also, many people view the bank guarantee that the Irish government has given the banks as debt. Its not.. its a 400 billion euro insurance policy... that will not be used.



[edit on 9/6/09 by Dermo]