Govt's New Affordable Mortgage Scheme

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Colm McCarthy highlights the risks of a scheme that selects for high-risk borrowers but he thinks the Central Bank has to accept the government’s plan to enlarge the scheme.

I think he forgets that the ECB will never permit another Irish housing bubble. Does he think we are borrowing at 1% because Wall Street has forgotten we have 210 billion Euros in public sector debts?
He has an interesting warning for the political parties who are, without exception, opposed to granting planning permission.