A general personal and critical look at Sustainable Energy. More recently a focus on the Economic Crisis in terms of Individual and Community Sustainability.
Thursday, September 05, 2013
Ireland Debt Time Bomb
The Irish Government is poised to introduce further financial hardship in another coming budget, while at the same time a massive debt time-bomb is ticking. When it goes off it will, no doubt, inflict massive social as well as financial damage.
The time bomb? Some 20% of mortgages are in serious arrears. Additionally some 20% of personal loans at Credit Unions throughout the country are also in arrears.
For several years I wrote a Blog on SUSTAINABLE ENERGY. The term now has a new meaning for me. It stands for the maintenance of heat in low income homes. I have recently started this new Blog called Stretching Income in which I hope to share ideas that may help make small incomes go that bit further. The themes will cover: (1) Savvy Shopping, (2) Careful Cookery, (3) Economic Energy, among others.
I am not writing as an advisor and cannot offer advice other than my own experience and some passed on experiences. Comments are welcome but please do not expect a reply, as this is beyond my remit.