Special economic report: the high road to disaster
Will the last TD to leave the Dail please switch off the light at the end of the tunnel
The country has reached the verge of national bankruptcy, primarily because of policies pursued by politicians here in the last decade. Vast borrowings have been undertaken, largely to finance current expenditure and hardly at all for wealth-creating investments. We now owe in total foreign debt a sum the equivalent of £6,000 for every income tax payer in the country.