Ireland's $1.2 trillion dollar private debt

[Vega1447]

Individuals and companies based in Ireland owe $1.2 trillion in foreign debt.

Irish borrowing tops $1.2 trillion - The Irish Times - Mon, Dec 08, 2008

That is 6 times GDP.

$3,000,000 for every person in the country.

Eh, no. My total outstanding (foreign and domestic) debt is less than 15K.
And my assets exceed my debt by at least a factor of 10.

Here's an idea - let's each look after our own debts?

Don't get all sweaty and upset worrying about mine...

[An Gilladaker]

The 1.2 trillion is foreign debt. Most of the 400 billion is domestic - Irish people borrowing other Irish people's savings.

Total debt must be something like 1.2 trillion + 0.4 trillion.

You may get the calculator out again

[Cassandra Syndrome]

Pre NAMA and latest Banking larcenies. Total Irish debt 540 Billion Euro.

Post eNrAMA & 2010 Government General Deficit - 650 Billion Euro

Impossible to service that debt.

The balance of the External Debt figures is IFSC related and non resident related. (about a trillion)