Irish financial accounts highlight increase in government liabilities


The Central Bank of Ireland on August 7 published the quarterly financial accounts for Ireland, which show that government liabilities reached their highest level to date in the first quarter of 2012.

The central bank said the government's total liabilities had increased €13.4 billion ($16.6 billion) in the first quarter, an increase of 7.7%, to a new high of €186.7 billion. The increase was due in part to receipt of €8.7 billion of additional funds under Ireland's joint European Union and

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