10 Countries Sinking in Government Debts
#7 Ireland
Debt-to-GDP ratio: 122.8pct
The figure of government debt is indeed huge in Ireland placing it on the seventh rank on this list. The national debt currently stands close to €203.2 Bn as per Irish Times. The borrowing rate in the country nevertheless continues to rise, and with that the expenses on the paying the interest is also shooting up.
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