IF YOU WANT A PROPER READING of the issue of mortgage debt forgiveness in Ireland, you should listen to Peter Mathews on national radio or follow his line of questioning when he interrogates the Irish Minister for Finance. The commentary in the Sunday broadsheets fall short of Mathews' astute awareness of the task ahead.
Nevertheless, considerable ink is spent in several Irish Sunday papers with the end result looking like it's going to be a banking call--the same lenders who padded their loan books will be left to make judgment calls on extending the length of mortgages, permitting some householders to make interest-only payments, or ordering foreclosures on the property loans. This topic will continue heating up the Irish airwaves into next year as unemployed mortgage holders face the reality of moving down the property ladder.