In 2011, Bill Clinton put mortgage arrears resolution front and centre of our economic recovery. He claimed there would be no widespread economic recovery until this issue had been dealt with properly.
He was right then and remains so. Economic recovery will not be real, sustainable or widespread until the scourge of mortgage arrears is finally and comprehensively resolved. European Central Bank president Mario Draghi recently echoed Clintons analysis, maintaining that mortgage arrears on the scale we have in this country will act as a serious drag on our economy.
On a positive note, we now have one of the most powerful personal insolvency regimes in the world designed specifically to kee…
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