External debt drops €5bn in third quarter
External debt basically forms the part of a country’s overall debt that is owed to creditors based outside of the country and can include monies owed to a variety of sources, including commercial banks, companies, other governments and international financial institutions such as the IMF and the World Bank.
The latest CSO figures published yesterday show that our foreign debt levels, as of the end of September, stood at a fraction under €1.64 trillion – down from €1.69trn at the end of last June and the second quarter of 2009.
