Ireland is fourth most indebted state in the EU

Despite Ireland’s debt falling by a greater degree than any other EU member state last year, the State is still among the most indebted in Europe.

Eurostat figures illustrate the huge levels of debt the country continues to bear in the aftermath of the economic crisis, with Ireland’s debt to GDP ratio standing at 124.2%.

The country’s level of indebtedness is the fourth worst in the EU behind Greece (176%), Italy (131.8%), and Portugal (131.4%).