Thomas Molloy: Honest debate on lending crucial if we're to recover
Published 26/04/2011 | 05:00
ONE of the great riddles of Irish economic life is whether banks should be encouraged to lend more to those who want to buy a house.
A new survey from the Professional Insurance Brokers' Association published today suggests borrowing is becoming increasingly difficult. But what it does not tell us is whether this is good news or bad news.
Although lip service is usually paid to the notion that we cannot return to the go-go days of Celtic Tiger lending, the assumption remains that banks should be lending money to consumers to buy everything from houses to cars.