Spend savings bonanza wisely, Irish regulator warns

Newswire

By Paul Hoskins DUBLIN, May 29 (Reuters) - With Irish government-backed savings set to begin pumping billions of euros into an already thriving economy this week, the Financial Regulator has called on savers to pay off debt before embarking on a spending spree. "Reducing outstanding debts will give you peace of mind and will give you more flexibility," said Mary O'Dea, Consumer Director of the regulator, which is part of the Central Bank and Financial Services Authority of Ireland. ...

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