Tag Archives: bailout

And so it begins…

In 2006 the Irish government and Irish banks stimulated an already over-heating property market by providing tax breaks and 95 and 100% mortgages to first time buyers. The result was economic Armageddon, the government guaranteed the banks and the Irish … Continue reading

Posted in Economy, Ireland, Property | Tagged , , , , , | 9 Comments

More credit to you…

As Ireland slouches towards regaining economic sovereignty and exiting the bailout programme, our government appears eager to incur further debt. Last night it emerged that the Irish taxpayer will be forced to bail out the beleaguered Newbridge Credit Union to … Continue reading

Posted in Banking, Economy, Ireland | Tagged , , , , | Leave a comment