Sir, – Further to "Irish house price inflation six times higher than EU average" (January 21st), regulators failed Ireland over the past decade and we are now living with the consequences. Now sensible proposals for new mortgage lending from the Central Banks are being attacked by vested interests and those who should know better. If Prof Honohan sticks to his guns and stays on track with his proposed regulations he will have done the State some service. Otherwise we are headed into another unsustainable bubble.
Surely the dogs in the street must know the Irish addiction to property will once again lead to pain all round. – Yours, etc,
WARREN GALLAGHER,
Dublin 2.