I read the following remark this morning;
"Ireland must go back to the EU and be honest about the fact that we cannot pay this ever spiralling mountain of debt. If we don’t do it now then we will face interest payments in the near future which will amount to over €10 billion per year, in other words one third of this year’s tax take. This will in the end force us to default anyway".
Is it true that we will face interest of over €10 billion per year?
Is it inevitable that we will be forced to default?
"Ireland must go back to the EU and be honest about the fact that we cannot pay this ever spiralling mountain of debt. If we don’t do it now then we will face interest payments in the near future which will amount to over €10 billion per year, in other words one third of this year’s tax take. This will in the end force us to default anyway".
Is it true that we will face interest of over €10 billion per year?
Is it inevitable that we will be forced to default?