The day of debt reckoning is nigh
Low interest rates are all that’s stopping our tracker mortgage time bomb from exploding
Could the governor of the Central Bank have resigned early because he expects some nasty surprises to come down the track, and because he doesn’t want to be around if a mortgage timebomb explodes?
As long as interest rates are low, the huge personal debts incurred by hundreds or thousands of Irish people are made manageable, because the real cost of these debts is diminished. This is obviously most evident in the ...
