A spoonful of sympathy helps the medicine go down
The state's report into repossessions was released quietly this month. And while those in arrears attracted sympathy, there was a strong sentiment that lenders must be protected in order to keep the property market moving.
With little fanfare or public attention, the Department of Justice published the report of the Expert Group on Repossessions earlier this month. This group, consisting exclusively of civil servants, was established in September 2013 in response to a commitment to the troika to review the effectiveness of statutory repossession arrangements in the Irish courts.
The context for its deliberations was the troika's concern with what it saw as the abnormally low rate of repossessions in Ireland...
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