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"No family home, at this point in time, should be repossessed" - Sinn Féin Finance spokesperson

Sinn Fein's Finance spokesman says no family homes should be repossessed in Ireland at the moment...
Newstalk
Newstalk

11.39 18 Mar 2015


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"No family home, at th...

"No family home, at this point in time, should be repossessed" - Sinn Féin Finance spokesperson

Newstalk
Newstalk

11.39 18 Mar 2015


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Sinn Fein's Finance spokesman says no family homes should be repossessed in Ireland at the moment.

Pearse Doherty's comments come as he defends his party over criticism from a Goldman Sachs economist.

Kevin Daly said political factors are the main risk to Ireland's economic future, and pointed to Sinn Fein's increasing popularity, and the similarity of their policies to those of Syriza in Greece.

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Speaking to Pat Kenny this morning, Pearse Doherty says he is taking the comments with a pinch of salt.

On the topic of repossessions, Deputy Doherty wants the courts to have the final say on a reasonable solution, rather than banks.

"The reason why no family home, at this point in time, should be repossessed is because the banks are, in my view, not behaving appropriately. The Government have allowed them to do that by giving them the veto in the Personal Insolvency Bill," he said.

"In a normal functioning mortgage market, of course if somebody defaults on their mortgage then repossession of the property that underpins that mortgage is what you call in. But we don't have a normal functioning market," he added.

Deputy Doherty started by discussing the comments from Mr Daly:


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