COLUMN: Personal debt resolution a tricky process

Resolution of the mortgage debt issue is not a straightforward process, particularly if concepts such as fairness and equity are to be applied, writes economist Jim Power.

14th March, 2013
Jim Power: Policy makers will have to think long and hard about kicking people out of their homes

This week marks the latest stage in the evolution of the Irish banking and economic crisis, with the apparent movement of the mortgage resolution process to the top of the political agenda and hopefully to the top of the bankers’ agenda.

This is not before time, but whatever way one looks at it resolution of the mortgage debt issue is not a straightforward process, particularly if concepts such as fairness and equity are to...

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