Friday 19 January 2018

New laws on home repossession are in pipeline – Kenny

Taoiseach Enda Kenny
Taoiseach Enda Kenny

Fionnan Sheahan Political Editor

TAOISEACH Enda Kenny has signalled new laws for repossessions are in the pipeline as banks move to deal with the mortgage crisis – but only as a last resort.

Mr Kenny and Tanaiste Eamon Gilmore promised that the Government would accelerate attempts to tackle the mortgage crisis.

"I want to make it clear that the taking of houses from people is something we do not want to see and the banks themselves would see it only as a last resort," Mr Kenny said.

"We don't have direction over this. But what is important is that we put in place a process that is transparent and that is patently fair for people."

Mr Kenny claimed the government's plan for economic recovery was working. He said the Coalition's priorities in the next year would be job creation and dealing with mortgage arrears.

The two leaders were marking the second anniversary of the Government coming to power. Mr Gilmore denied the relationship between the parties was strained.

"We are two separate parties. We have two distinct traditions," he said.

They also published a progress report on the Programme for Government so far.

Mr Kenny said that since taking office the Government has been "working with the Irish people" to implement its plan for economic recovery.

"I believe that Ireland is now heading in the right direction. Our plan is working.

Confidence

"People's hard work and sacrifices are beginning to pay dividends. Ireland is rebuilding its reputation, restoring its confidence, laying the foundation for a better, brighter, more prosperous future," he said.

Mr Gilmore said exiting the bailout this year would be a "significant success story".

Mr Kenny said again that the public sector would have to contribute €1bn in savings over the next three years through the new Croke Park II deal. He said people understood that these things had to be done in the public interest.

"It's not nice, believe you me, as a politician to have to do it, but it's necessary and in everybody's interests that we sort out this problem. Irish people want to see the problem sorted.

"Unfortunately, the alternative is to cut frontline services even more, and that's not palatable and it's not on," Mr Kenny added.

Irish Independent

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