Brussels, 31/03/2011 (Agence Europe) - Better protection for people taking out a mortgage will inevitably cost the industry but this will easily be covered by the benefits to society in general, estimated at some €2 billion. Aware of the potential impact of the draft directive unveiled on Thursday 31 March (see EUROPE 10347), the European Commission wants to prevent any re-occurrence of the irresponsible lending and mortgage debt seen in Spain and Ireland, that fuelled property bubbles in...