Spain and Ireland have economies in shambles over housing bubbles popped long ago. Damage continues to mount. Here are a pair of stories highlighting problems.

Bloomberg reports Irish Home Loans At Least 90 Days In Arrears Rise to 9.2%

Irish home loans in arrears for more than 90 days rose to 9.2 percent at the end of last year from 8.1 percent at the end of the third quarter, according to the country’s central bank.

A total of 107,708 home mortgages, or 14 percent of the total, were either 90 days in arrears or had been restructured and were performing at the end of December, the central bank said in an e-mailed statement today.

Spain Lending Shrinks at Record Pace

In the wake of Spanish real estate collapse, Spain Lending Shrinks at Record Pace as Defaults Rise