If the chink of financial light that shone from Brussels late last week can be used to address the growing mortgage crisis, then the news that the Europeans might cough up for the next round of mortgage defaults may be worth celebrating.
Make no mistake about it: the way the domestic economy is going and the way mortgage arrears are rising, there will be a need for further recapitalisation of the Irish banking system.
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Unlimited Access for 2 Years
Get a Business Account for you and your team