Small firms need an OBAMA

WHAT the country needs now is an OBAMA. I am not referring to a prescription for soundbite political leadership, but to an asset management agency for Ireland’s small business sector aimed at encouraging job creation.

The Ordinary Business Asset Management Agency would manage non-performing property investments of SME owner-managers, with conditions attached to ensure job creation and economic stimulus.

The interest-only repayments on that 500,000 lonely Shannonside holiday home or shuttered, flaking provincial commercial unit being approximately 2,500 per month, I would surrender that property, but not the liability, to OBAMA.