Plotting economic recovery without the austerity

The truth is a hard thing to suppress. Last week, we had another stark revelation about the mortgage market after RTE reported that there are now e20 billion in home loans with some level of arrears. That represents about one in six loan accounts.

The truth is a hard thing to suppress. Last week, we had another stark revelation about the mortgage market after RTE reported that there are now e20 billion in home loans with some level of arrears. That represents about one in six loan accounts.

If we were to stack e20 billion in e2 euro coins on top of each other, it would reach 44,000 kilometres high. Turn that stack on its side and ...