Up to our neck in it

By Seán Whelan, Economics Correspondent OK, we know it’s bad, but how bad. The Fiscal Council has done us another favour by trawling through all the various state accounts to try and figure out the impact of the financial crisis on the state. Their basic approach has been to look at the state’s balance sheet, and see to what extent assets offset liabilities. We all know the state has a lot of debt – more than €200 billion or more …