Ireland among most indebted societies in Europe

Ireland remains amongst the most indebted societies in Europe, according to new figures from the Central Bank.

One-third of all sectors across the economy recorded big increases in credit in June, with property-related lending accounting for three quarters of the rise in the 12 months to June. Its share of total outstanding credit reached a record level of 62.4% in June, from 60.1% a year earlier.