Bill Clinton warns that mortgage debt forgiveness is crucial for our recovery
Published 20/11/2011 | 05:00
BILL Clinton has warned that unless there is forgiveness of mortgage debt here, Ireland's economic recovery will take longer than necessary.
He said the lesson from history was that the writing down of debt was essential if an economy is to grow out of recession. Irish-American publisher Niall O'Dowd has revealed that he met Mr Clinton on Thursday at a charity event in New York and the former president pointed out that "historically the best way to move on from a recession was to start over and forgive debt as quickly as possible -- that where debt relief was allowed, recovery comes far more quickly".
Mr O'Dowd said Mr Clinton remarked that this approach to debt was not currently being followed in Europe and that Ireland, in particular, needed to take on board the lesson of past recessions.
Search intensifies for Wexford man
GARDAI, local people, the Civil Defence and the Irish Coast Guard were yesterday continuing the search for 40-year old Declan Waters, from Wexford town, who hasn't been seen since Monday.
His family reported him missing last Tuesday and traces of blood were found at his house. Described as being 5ft 8in, of medium build and with a shaven head, he was last seen wearing a black and brown striped top with brown jeans and runners.
Anyone with information is asked to contact Wexford gardai on (053) 916 5200 or the Garda Confidential Line on (1800) 666 111.
No winner of €3.8m Lotto jackpot
THERE was no winner of last night's Lotto draw for a jackpot of €3,808,075. Wednesday's jackpot will be an estimated €4m. The numbers were 3, 10, 24, 30, 31, 39 and the bonus number was 28. The numbers in the Lotto Plus 1 Draw for a top prize of €350,000 were 5, 24, 26, 27, 41, 44 and the bonus number was 4. The numbers in the Lotto Plus 2 Draw for a top prize of €250,000 were 9, 17, 23, 24, 28, 31 and the bonus number was 12.
Routine check results in drugs seizure
A STROKE of good luck is believed to have been behind a garda seizure of €600,000 worth of drugs in Portlaoise.
Gardai on a routine checkpoint stopped and searched a van on Grattan Street, Portlaoise, on Friday afternoon and discovered quantities of cannabis herb and cocaine. Two men in their 30s were arrested. In a follow-up search at a building on Factory Lane, Portlaoise, further amounts of cocaine and cannabis were seized.
Exhibition inspired by Pompeii mosaics
DR Pat Wallace will open Edward Dolan's art exhibition, entitled After Vesuvius, this coming Thursday at 6.30pm in the Athene Room, Sol art gallery, Dawson Street, Dublin.
The exhibition, which runs until December 1, is the artist's response to the mosaics, wall paintings and murals that have been uncovered over the years from the ruins of the buried cities of Pompeii and Herculaneum.
It includes 'Cave Canem' (Beware of the Dog), House of the Tragic Poet, Pompeii, right.
Bookseller Fred Hanna leaves €0.9m
THE well-known Dublin bookseller Fred Hanna, otherwise known as Frederick Freeth Hanna, of Oakdale Road, Johnstown Road, Dun Laoghaire, who died on June 2, 2011, has left an estate valued at €933,918.
James Crotty, a retired insurance broker, of Killiney Avenue, Killiney, Co Dublin, who died on January 30, 2011, has left an estate valued at €6,473,215.
Other wills: Carmel Moynihan of Orwell Park, Rathgar, Dublin, who died on July 23, 2011, left €3,129,326; Elizabeth Drea, a farmer, of Moyne Road, Baldoyle, Dublin, who died on July 6, 2011, left €2,568,676; Marie Maher, a company director, of Aylmer Road, Newcastle, Dublin, who died on September 25, 2010, left €2,275,777; Bernard Mullen, a retired manufacturer of Heathfield Road, Terenure, Dublin, left €2,225,268; and the well-known artist Thomas Ryan of Main Street, Chapelizod, Dublin, who died on October 4, 2000, has left €1,955,000.
The value of wills include property, including the family home, and should not be regarded as cash amounts