Saturday August 8, 2020

Last Post: Don’t bank on coalition forcing lenders to help homeowners

The banks claim they have to add interest to mortgage deferrals. Bringing them to heel may not be a great long-term plan for their viability

12th July, 2020
Michael McGrath, Minister for Public Expenditure, had little to say in the Dáil last week Picture: PA

Michael McGrath, as Fianna Fáil’s opposition finance spokesman, was an incisive and informed commentator on the behaviour of the country’s banks. He was particularly strong on the tracker mortgage scandal and on the very high interest rates charged by banks to mortgage holders.

He was as impressive as Sinn Féin’s Pearse Doherty in holding the banks and the government to account. But what will his position be now that...

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