Revealed: The players who have made huge profits on the back of the Irish property crash

[barryqwalsh]

Back in 2010, Blackstone chief executive Stephen Schwarzman was clear on the opportunity he saw in Ireland. "They barely know what they own," he said.

Read more: Revealed: Speculators have bought almost 9,000 homes in nearly every county for as little as €6,000 each
Families squeezed out as investors snap up homes - Independent.ie



Blackstone started spending in 2012 and has booked profits of tens of millions of euro by selling offices it bought back then.

Others such as Cerberus Capital Management have bought up loan books from Nama including the Project Eagle portfolio of Northern Irish loans, as well as the Project Arrow book of commercial loans it took control of last year.



Revealed: The players who have made huge profits on the back of the Irish property crash - Independent.ie

 

[barryqwalsh]

Ireland's National Debt Interest: What do we spend €7.5 billion on?

Economic Incentives: National Debt Interest: What do we spend €7.5 billion on?

 

[barryqwalsh]

Ireland Government Debt to GDP

Ireland recorded a Government Debt to GDP of 93.80 percent of the country's Gross Domestic Product in 2015. Government Debt to GDP in Ireland averaged 73.56 percent from 1980 until 2015, reaching an all time high of 120.10 percent in 2012 and a record low of 23.60 percent in 2006. Government Debt to GDP in Ireland is reported by the Eurostat.

Ireland Government Debt to GDP | 1980-2016 | Data | Chart | Calendar

 

[barryqwalsh]

Families squeezed out as investors snap up homes

Speculators have bought almost 9,000 homes in nearly every county for as little as €6,000 each



Families squeezed out as investors snap up homes - Independent.ie