In other words, the people of Ireland owe a total of €295 billion either personally or collectively. This total excludes company debts despite the fact that we have to service them in the prices we pay. Dr Constantin Gurdgiev, who compiled these figures from official data, points out that there were just over a million taxpayers in Ireland before the net was widened in last month's budget. As a result, each of these taxpayers was having to support a debt of €280,648.
date: 16 maiPut another way, each man woman and child living in Ireland owes around €66,000 at present and this will rise to €81,500 when all the €67.5 billion in bailout money is drawn down. If the 5.8% rate of interest charged for the bailout was applied to all that debt, each of us would need to find €3,860 every year just to cover the current interest cost and this would rise to €4,725 at the end of the bailout period.
lien:http://www.constructireland.ie/Vol-5-Is ... fault.html