Removing the millstone from debtors’ necks will benefit all

“DEBT forgiveness” is an undefined expression, we have no commonly-held interpretation of what it is.

For that reason the debate rages as to whether it can occur or not; but without definition the argument cannot advance.

On one side you have household-name economists and on another you have Fine Gael’s Brian Hayes (Minister of State at the Department of Finance) saying it is an impossibility, along with most of the banks.