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Friday 2 June 2023 Dublin: 12°C

# Household debt

All time
# Household debt
Irish households are the third most indebted in the EU
The Central Bank says this ranking is in spite of a significant decline in the ratio of household debt to disposable income.
# Debt drawdown
Lending to small businesses is up for the first time in 18 months
Non financial corporations are pulling down more cash, but households are still borrowing less.
# Iceland
Icelandic PM vows to ignore IMF's advice
Sigmundur David Gunnlaugsson says he will ignore the IMF’s criticism of his government’s plans to reduce household debt following the country’s economic collapse.
# Daily Fix
The Daily Fix: Tuesday
All the biggest news stories from the day, as well as the few bits and pieces you might not have seen.
# Household debt
IMF: Allowing homes to restructure debt will solve crisis quicker
A new global report concludes that economic crises are worse if households accumulate more debt during a boom.
# Debt
Honohan: Banks aren't solely to blame for state of the Irish economy
In a speech this evening, the governor of the Central Bank said living standards have fallen in Ireland by some 17 per cent since the peak of the boom.
# Mortgages
Fianna Fáil backs mortgage forgiveness
The party is in favour of mortgage debt forgiveness – but says that the case of each household must be considered individually.