herald

Tuesday 16 January 2018

Bailout call is worth a look

Economist Morgan Kelly deserves a hearing. He did, after all, predict our property crash. His recommendation that a €6bn bailout should be given to householders in mortgage arrears is at least worth considering.

Kelly argues this would "probably solve most of the problem" for mortgage holders, allowing them to concentrate on other issues.

As worldwide recession edges closer, all reasonable suggestions should be looked at.

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