Debt for equity offers a way forward for SMEs

Ireland's lingering mortgage crisis has rattled policymakers, infuriated the troika and dominated public discourse. However, there is another unresolved debt crisis out there - one that also needs to be resolved with urgency.

During the boom years, a significant number of small and medium sized Irish companies borrowed heavily for property, premises and plant. They borrowed to expand and they borrowed to invest. Many of those SMEs now find themselves struggling frantically to ...