‘Arrogant’ British joke about Ireland's money woes
Published Saturday, February 20, 2010, 10:28 PM
Updated Saturday, February 20, 2010, 10:28 PM
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jimmy12003 | Jan 31, 2010, 12:03 PM EST
M Lord, what a sensitive lot we are. We love jokes - unless they're coming our way from England. This one, quite catchy, I thought, is not far off the mark. I agree with Realist. Ireland still remains - and wll remain for some time - a financial basket case. The country's total external debt (all public and private debt owed to non-residents of Ireland and repayable in foreign currency) is a staggering 960% of GDP - or approx. $550,000 for every man, woman and child in the republic. This is about the third highest in the world (Iceland's is 1,000% of GDP). The U.S. is in fairly good shape, comparitively, with an external debt of 95% of GDP. Note: These are 2008 figures.
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Realist | Jan 31, 2010, 10:15 AM EST
kickstar, I suggest you consult the facts. The Republic of Ireland was the first country in the European Union to officially slide into recession. Currently, it has the highest level of household debt relative to disposable income in the developed world at 190%. As for the joke, well manys a true word said in jest.
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kickstar | Jan 30, 2010, 11:36 PM EST
Well said Mr Grimsson, A couple of months ago these city Aholes were shitting their girly bottoms at the fear of getting duffed up by the common man in the street for their sins.
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