Thursday, October 25, 2012

25/10/2012: Icelandic experience on mortgages writedowns


Very interesting post linking Icelandic experience in mortgages writedowns to Ireland's situation from Sigrún Davíðsdóttir link here.

Needless to say, I agree - we need a sustainable long term solution and this will require dealing systemically with private debt overhang.


No comments:

Post a Comment