Tagged with: Peter Bacon
Bacon's Mortgage Suggestion Does Not Add Up
Nat O'Connor 18/10/2010
Nat O'Connor: Peter Bacon has suggested that semi-state assets be sold, and the money used to pay off the negative equity part of mortgages, where younger households are struggling. (Interview in the Irish Independent, and further article on mortgage debt). On a purely economic level, this is an argument to increase demand and boost the economy. …
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