Dáil debates

Thursday, 14 March 2013

10:40 am

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

Inné, d'fhógair an Rialtas an plean úr ó thaobh dul i ngleic le cruachás na morgáistí. I ndiaidh dhá bhliain gan aon rud a dhéanamh, nuair atá dúblú tagtha ar méid na ndaoine atá in riaráistí morgáiste 90 lá nó níos mó, tchímid go bhfuil an plean sin lochtach san dóigh céanna a bhí na pleananna roimhe sin, mar go bhfuil an Rialtas ag fágáil na sonraí suas ag na bainc arís.

Yesterday the Government announced its latest plan in response to the mortgage crisis. After two years of doing nothing and seeing the numbers in arrears double during its term the Government's announcement has repeated the mistakes of the past. Has the Government not learned the lesson that the banks will do at best the bare minimum and at worst exacerbate the mortgage crisis? All the evidence tells us that the banks cannot be trusted to address the mortgage crisis with which tens of thousands of families across the State are grappling. We have only to look at what the banks have been doing, hiking up interest rates and failing to provide debt write-downs. Over half of those in restructured mortgages have slipped into arrears.

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