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Carthy raises Home Repossessions in European Parliament

9 June, 2015 - by Matt Carthy MEP

Sinn Féin MEP for the Midlands North West, Matt Carthy, spoke in the European Parliament in Strasbourg last night of the frighteningly high number of home repossessions taking place in Ireland. He highlighted the fact that four homes a day are now being repossessed by the banks.

Carthy said:

"There has been a striking increase in the number of repossession applications for homes in both in Ireland and across Europe.

"In Ireland, Almost 4 family homes a day are now being lost to the banks.

"This isn't happening by accident - it is a result of Irish government policy that is being pursued with the approval and instigation of the European institutions.

"It is a policy that resulted in 42% of the cost of Europe's banking crisis being burdened on the Irish people. And, now Irish families are paying the price with their homes.

"It is a policy that saw Irish and European banks bailed out and preferential interest rates offered to those of extreme wealth while those who played no hand, act nor part in the creation of the crisis now forced to become homeless.

"The Irish people had a debt of €64billion foisted on our backs and are now witnessing our families, friends and neighbors paying again with their homes.

"This is not a recovery, not by any objective standards - there should be, there must be - a change in direction at Irish government and EU level to place the burden on debt on those who championed the causes of crisis."

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