12/6/15: Did Ireland Abandon Homeowners in Need?
trueeconomics.blogspot.com / by Constantin Gurdgiev / June 12, 2015
An short, but informative article on the issue of mortgages arrears in Ireland:
http://www.herald.ie/news/state-has-abandoned-mortgage-holders-31296163.html
The article correctly points to the lack of state engagement with the issue of long term arrears and the banks’ strategy of extend-and-pretend in hope that rising house prices will maximise their returns on future foreclosures.
But the real, the main, point here is whether the Irish state has abandoned the homeowners in need. In my view – the Irish State was never concerned with the interests of homeowners. To think otherwise is to delude oneself once again into a fallacy of seeing the State as an agent concerned with the interests of the people.
Here are the excerpts from the recent study commissioned by the EU Parliament on changes in core rights accruing to individuals across a number of European nations in the wake of the post-crisis austerity programmes. The selection addresses the view of the reporters on Ireland in the context of the right to housing.
The post 12/6/15: Did Ireland Abandon Homeowners in Need? appeared first on Silver For The People.
Source: http://silveristhenew.com/2015/06/12/12615-did-ireland-abandon-homeowners-in-need/
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