Saturday 10 December 2016

We are not out of the arrears mess yet

Published 14/05/2015 | 02:30

Minister for Finance Michael Noonan and then Minister for Justice Alan Shatter were not for turning
Minister for Finance Michael Noonan and then Minister for Justice Alan Shatter were not for turning

The mortgage crisis has been allowed to drag on for a year-and-a-half longer than it should have because the Government failed to listen.

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When it announced plans for the new Insolvency Service it was told repeatedly that making provision in the legislation for a bank veto over formal debt deals for financially stricken people would not work.

But Minister for Finance Michael Noonan and then Minister for Justice Alan Shatter were not for turning.

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