Hi °C | Lo °C THE European Commission is warning that the Irish Government’s plan to free individuals from crippling debt could be overwhelmed by demand.
Bigger debtors with personal borrowings of up to €3m, mostly linked to property deals, could take so long to assess that ordinary households are pushed to the back of the queue, according to an initial draft of a report due to be published on January 23.
The Commission document has been circulated to TDs and, more controversially, to members of the German parliament’s financial oversight committee.
