An end in sight to debt overhang?
There are signs that the lending institutions are finally getting their act together, writes Glenn Bradley.
Over-indebted Irish businesses and households have spent the last three years in a stalemate with their banks.
Asset values and incomes have fallen off a cliff, but to date, banks have been unable or unwilling to deal with the new reality that faces their borrowers.
Businesses and personal borrowers have endured a continued exercise in 'kicking the can down the road', as banks have gone through a process of figuring out what to do with...
Subscribe from just €1 for the first month!
With any subscription you will have access to
Unlimited multi-device access to our iPad, iPhone and Android Apps
Unlimited access to our eReader library
Exclusive daily insight and opinion seven days a week
Create alerts to never miss a subject that matters to you
Get access to exclusive offers for subscribers on gifts and experiences
Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine