It's high time to act on mortgage debt

Agame of finger-pointing is going on between the troika, the government, the Central Bank and the banks over the issue of mortgage debt and the pace of debt writedowns. For months now, there has been a lot of talking about the need for quicker action, but little enough has happened. Surely it is now time to start dealing with this in a more organised and systematic way.

The banks have, indeed, been slow ...