Ireland’s Honohan laments indebtedness in the country

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The governor of the Central Bank of Ireland, Patrick Honohan, on March 14 spoke to Limerick Law Society about the problems with debt the country faces.

In a speech entitled Household Indebtedness: Context, Consequence and Correction, Honohan said "systematic and effective engagement" with the public was able to "bring predictability to hopelessly over-indebted borrowers, restoring their ability and motivation to become productive members of society".

With almost €100 billion ($130.9 billion) of

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