End malign influence of property speculation on the way we are governed

THE crisis in Irish financial institutions is an opportunity to end the malign influence of property development/speculation on how we are governed.

This long-running source of economic and political instability has now resulted in the citizens of this Republic being loaded with unknown liabilities that may last for years, just as we are still paying levies on insurance premia 25 years later arising from the collapse of PMPA.

The current weakness of Irish-owned financial institutions due to lending for property development is a factor driving the Government deposit/loan guarantee scheme.