Research has shown that in both Ireland and Greece at present have a spike in suicide because of the current financial climate. Households where the financial burden is immense are under pressure and in particular where some breadwinners are male, this is attributable to the high rate of men amongst the victims of suicide. In terms of suicides per head of population, Greece has a population that is higher than that of Ireland yet the rate of suicide is a lot less (then again reporting of suicide may be low in Greece).
Finfacts points out as follows
In the period 2007-09, the countries facing the most severe financial reversals of fortune, such as Greece and Ireland, had greater rises in suicides (17% to 391 and 13% to 527, respectively) than did the other countries, and in Latvia suicides increased by more than 17% between 2007 and 2008.
Ireland when the demographics are taken into account, has a particular huge issue in and around Limerick. The national average is in and around approx 11 per 100,000 but in Limerick this is about 26 per 100,000, very much above what is par for the norm nationally and a trend that should worry us if it were to continue.
Which brings me roundedly to my point. India has a law where creditors who chase people for money or apply pressure and the victim commits suicide can be criminally held responsible for suicide of the victim. Its vicarious liablility in a way. Such similar laws exist currently in UK and to a certain degree here with employers have responsibility with employees. In India the BBC reports
In May, Sudipta Sen, a businessman who allegedly defrauded thousands of depositors in the eastern state of West Bengal, was charged with abetting the suicide of a "depressed" investor
Would such a law work here? Pay day loan companies, banks and other sharks would without any shread of doubt lobby against such actions. There is an onus to prove that the companies would have pushed victims over the edge but that may be possible. Would such a law work here do people think?
http://www.bbc.co.uk/news/world-asia-india-23140888
http://www.irishtimes.com/news/socia...ture-1.1413894
http://www.finfacts.ie/irishfinancen..._1022697.shtml
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