Almost 170 Irish companies collapsed every month in the first 11 months of 2011 owing €1.2bn (£1bn) in unpaid unsecured debt, according to new figures from the business intelligence analyst Vision-net.
AT least one country will pull out of the euro area this year as the break-up of the currency begins, according to the Centre for Economics and Business Research. "It now looks as though 2012 will be the year when the euro breaks up. It is not a done deal yet but our forecast is by the end of the year at least one country will leave," it said.
COMMENT RULES: Comments that are judged to be defamatory, abusive or in bad taste are not acceptable and contributors who consistently fall below certain criteria will be permanently blacklisted. The moderator will not enter into debate with individual contributors and the moderator’s decision is final. It is Belfast Telegraph policy to close comments on court cases, tribunals and active legal investigations. We may also close comments on articles which are being targeted for abuse. Problems with commenting? email@example.com