Sunday 22 October 2017

John Drennan: Senior ministers don't get realities of crisis -- Spring

John Drennan

John Drennan

The Irish banks should pay "social and economic reparations" to the State as a result of the reckless lending that led to the economic collapse, according to Labour backbench TD Arthur Spring.

He is one of the new Government TDs who are now concerned that a Cabinet which mostly comes from an entirely different generation to their own has still not fully got to grips with the extent and consequences of the mortgage crisis.

The Government has set up a top-level cabinet committee into the mortgage crisis, which is due to report shortly, but in spite of the importance publicly attached to the committee by the Taoiseach and the Tanaiste, many backbench TDs across the Fine Gael and Labour ranks believe the Cabinet, "because of their age profile'', are "detached'' from the issue.

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