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Finance Minister and Central Bank must ensure banks engage in Priory Hall resolution process - Cllr. Mac Donncha.

29 April, 2012


Sinn Féin Dublin City Councillor Mícheál Mac Donncha has said that the Minister for Finance Michael Noonan and Central Bank Governor Patrick Honohan should immediately require the banks to engage in the proposed resolution process for Priory Hall. He said it was "appalling" that banks are refusing to engage.

Cllr. Mac Donncha said:
"The proposed resolution process has given Priory Hall residents some hope after over six months out of their homes and with no progress. It is appalling that banks are refusing to engage and that residents should learn this through the media this weekend.

"The people of this State, including the Priory Hall residents, are still paying the price for bailing out most of the banks, yet these same banks think they can act without any social responsibility. Finance Minister Michael Noonan and Central Bank Governor Patrick Honohan should immediately require the banks to engage in this process. Mr. Honohan felt very free to intervene in the referendum debate - now he should intervene in a matter which is his direct responsibliity - the conduct of the banks.

"Environment Minister Phil Hogan enthusiastically welcomed the proposed resolution process. He too should immediately call on the banks to engage as the process will be worthless without their engagement." ENDS

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