Hacker News new | ask | show | jobs
by vidarh 3998 days ago
Irelands debt situation was never anywhere remotely as bad as Greece's. Irelands debt to GDP peaked at 123% after the bailout. Greece's reached 177% in 2014, as is likely to go higher.

So it is in fact not an example of a country that has clawed itself out of a bigger hole than Greece.

1 comments

Ireland's debt to GDP peaked 4x fold from it's longtime "norm" of 30%, while Greek was long at over 100% to begin with.