Irish people easily have the worst mortgage debts in the eurozone
CSO figures also revealed that young people are carrying too much debt.
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CSO figures also revealed that young people are carrying too much debt.
The cost is now less than a fifth what it was two years ago.
New figures today also show an increase of 6.4% in retail sales over the course of the year.
A good day’s work, says the Finance Minister.
Only 311 insolvency applications have been approved to date in Ireland.
The majority of loans taken out this time last year were to cover debts consumers already had.
A football team has offered to help the 85-year-old.
An IMF internal review finds that some European authorities thought it was “inappropriate” for the IMF to be seated at the negotiating table.
Dr Daragh McGreal has been crunching numbers and formulating policies for months. Here are a few of them…
The nominal value of outstanding Government bonds now stands at €112,240 million.
A group of investors that includes the Minister for Children and Youth Affairs will clear the €1.9 million debt they were made to pay in a 2012 commercial court ruling.
But total borrowings for small business are still headed south.
The Minister is looking to seal a deal for early repayment of our IMF loans, which would bring down repayments considerably.
Loan repayments were €437 million higher than new lending last month.
ISME is to run a series of free advice sessions for struggling business owners.
The bank is predicting a broader based recovery, with jobs outside Dublin on the cards.
In the run-up to Budget 2015, Dr Daragh McGreal looks at the issue of Ireland’s ‘unsustainable’ debt.
Jobs in the SME sector could be threatened by bad property debts, according to the Central Bank.
It’s Friday – and here’s everything you need to know as you start your day.
This was the week in business.
Although coming off a low base, the insolvency service is happy to see growth.
Politicians are bemoaning the fact that older people might now have to carry debt onto their pension books – but that’s the risk of re-mortgaging.
The bank has launched a new product that will help people in negative equity move – but they’ll take the debt with them.
The one-time Heinz chairman has failed to slow down the banks pursuit of his assets.
This ‘inquiry’ has no credibility whatsoever and a decent opposition would have resigned en masse in protest.
It consisted mostly of loans secured on assets in Northern Ireland.
We’ve been told that we have no choice but to accept austerity measures to get the country back on its feet… but is that really true?
Giving tax cuts in the upcoming budget would be popular, but it’s not the right thing to do.
The key to taking advantage of the bounce-back is to remove some of the fixed costs involved in starting up a business (or keeping one going).
And it’s stopping them renovating.
The European Commission has recommended that the government ensure that excessive debt is corrected in a sustainable manner by 2015 and beyond.
The Financial Times columnist says that the eurozone is being run for “the benefit of creditors”.
Bankruptcy is a recognition and embrace of failure. If properly understood people can emerge from it stronger than before, writes Ross Maguire SC.
“We are literally floating in a sea of radiation nowadays. It’s completely reckless.”
Nearly one third of Irish SMEs carry no debt at all, with only seven per cent carrying debt higher than their turnover.
As with mortgages, it seems the bank is taking a hard line on debt forgiveness.
New figures from the Central Bank show we’re paying down debt at the fastest rate since 2012.
The Minister for Finance said SME debt is ‘far down’ the list of concerns in comparison to national debt.
The construction industry and retail sector are not doing too great either, according to credit-risk analysts.