Friday 24 February 2017

Time for the banks to give something back

Editorial

Editorial

Mr Noonan has signalled his intent to get a fairer deal for mortgage holders. It is time to stand and deliver.
Mr Noonan has signalled his intent to get a fairer deal for mortgage holders. It is time to stand and deliver.

Finance Minister Michael Noonan was given a huge task when he took up his post, with our economy in ruins and unemployment at a record high. He did not flinch in his role and thanks to the enormous sacrifice of the people of this country, our recovery has been recognised globally as a success story.

Despite the news that unemployment is back at 10pc, many have not felt the benefits of the upturn and are in desperate need of some relief.

Let us not forget that the banks were a major cause in the collapse. The public were asked to pick up the tab for their spectacular failure and they did. We do not need to revisit the chain of disasters that brought us to the edge of ruin, but there is no discounting or denying the role played by the banks.

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