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
2
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...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

This product does not auto-renew

Team Pass

Get a Business Account for you and your team

Related Stories

The Minister for Finance smartly remedied a gap in the revamped employee wage subsidy scheme which would have left out the self-employed

Matt Cooper | 6 days ago

There are times in politics when a partial investment is just not going to cut it, and when the bigger bet actually has the better chance of paying off

Matt Cooper | 1 week ago

The July stimulus plan will be announced on Tuesday. Access to cash is vital for families and businesses, so the government should not be afraid to borrow cheap money and put it to work

Matt Cooper | 2 weeks ago