Sunday September 27, 2020

Not too slow, not too fast - dealing with the debt crisis

If the banks move too quickly on repossessions, they risk creating a hole in their loan books. If they move too slowly, households will remain mired in debt, writes Cliff Taylor.

6th July, 2013

The government faces a cruel dilemma in dealing with the mortgage crisis. Move too slowly and tens

of thousands of households will remain mired in debt, and uncertainty will continue to hang over the state of the bank loan books. But move too quickly and house repossessions will rise, the courts will get clogged up with bank actions against borrowers, and a new capital hole could appear in bank loan books.

But is there a...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

2 Yearly



Unlimited Access for 2 Years

This product does not auto-renew

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The best writing and and the biggest stories of 2019 from the Business Post

Richie Oakley | 8 months ago

Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals

Leanna Byrne | 4 years ago