It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
At least one—the Central Bank of Ireland—is evaluating whether it needs to secure additional access to printing presses in case it has to churn out new bank notes to support a reborn national currency, according to people familiar with the matter.
A BANK’S decision to write off €152,000 of mortgage debt owed by Dublin nurse Laura White will pave the way for widespread mortgage debt forgiveness, it has been claimed.
Ms White agreed a deal with Bank of Ireland on Monday to repay €18,000 of €170,000 owed on a Dublin property in a settlement similar to the new out-of-court personal insolvency arrangements proposed by the Government whereby banks agree to write down debts to a level a debtor can repay over six years.
Mr Conway said the settlement showed there was “a creeping sense of realism on the part of the banks that decisions need to be made in extreme cases like this”. The news “would put the fear of God into banks”, he said. “ The Pandora’s box is open and we will see a trend developing.”
Originally posted by HighMaintenance
Just spotted this on The Journal and thought of this thread ...
Anyone interested?? We need an 'insider'!!