tag:blogger.com,1999:blog-5680771968888528726.post8634928365888774168..comments2023-11-05T00:38:56.097-07:00Comments on 21st Century British Nationalism: The European Economic Crisis Is About To BeginDefender of Libertyhttp://www.blogger.com/profile/16093052197059748663noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-5680771968888528726.post-24175456963243358662009-03-02T10:24:00.000-08:002009-03-02T10:24:00.000-08:00Ireland seems to be in a class of one, as accordin...Ireland seems to be in a class of one, as according to Brian Lucey and Constantin Gurdgiev writing in the Irish Times, <A HREF="http://www.irishtimes.com/newspaper/opinion/2009/0203/1232923383096.html" REL="nofollow">Problems in real economy dwarf those of bank sector</A> <BR/><BR/><I>... total gross indebtedness of Irish residents, that is the State, the banks and the non-financial personal and corporate sector, stood at a gargantuan <B>€1,671 billion at the end of 2008. This is over eight times national income ... Overall foreign claims on the Irish economy stood at a gargantuan seven times our national income. In absolute terms, this mountain of debt is one-sixth of the USA’s and greater than that owed by Japan.</B>[emphasis added]<BR/><BR/>... the Irish corporate and personal economy faced a total debt payment bill of some €263 billion in July 2008-July 2009 alone. ... the Irish corporate and personal sector faces finding close to €300 billion in total redemptions over that period. ...</I>Bert Rustlehttps://www.blogger.com/profile/11603898539529306184noreply@blogger.com