Tax revenues were down by €7.7 billion, or 19 percent, in Ireland for 2009, Department of Finance figures published Tuesday 5 January show. The drop in revenue combined with a €4b government bailout of Anglo Irish Bank pushed the national debit €11.9 billion higher.
Ireland’s high debt and the problems of Iceland, still trying to recover from the collapse of its economy a year ago, are likely to add to Eurozone woes in 2010, argues Ralph Atkins in the Financial Times.
Links to other sites: Financial Times, Irish Times
Posted by Ellen Wallace on 6 January 2010 at 10:33 |
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This work by genevalunch.com is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.
News story, GenevaLunch, 6 January 2010.
Filed under: World news
Tags: bailout, Business, debt, Eurozone, Iceland, Ireland, Politics
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