Cut mortgages to current values and then cut pay

IN recent months l have become more and more disillusioned as our collective standing, economically and psychologically, takes a hammering with the glut of bleak economic news and the complete absence of leadership from the Government.

That the recession should have come as a surprise to the Government (the Minister for Finance realised it might be happening in July, 2008) is enough to warrant its immediate removal. How detached from the everyday trials of the people can it be?

As the social partners who built this house of cards with the help of financial institutions and developers discuss a recovery plan to deal with the problems they created, they should remember their responsibilities in finding a way out of them.