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Bank debt relief - A chastening assertion

Yesterday’s assertion by German MP and economic policy spokesman for Angela Merkel’s ruling CDU party, Dr Joachim Pfeiffer, that we have "no chance" of getting a deal on the €64bn used to rescue insolvent banks is at the very least chastening.

Bank debt relief - A chastening assertion

Not only does it confirm an almost impossible burden, it will curtail many social programmes for years to come. Though nothing more than one man’s opinion, albeit a centrally placed one, and though nothing is as yet finalised, it is indeed worrying that the very trend — soaring house prices — that was so central to our collapse is in evidence once again, especially in Dublin.

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Wednesday, May 18, 2022

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