Fianna Fáil Senator Marc Mac Sharry has again called for substantive action on the mortgage crisis which is impacting thousands of families across the country.
Senator Mac Sharry said: “Two Bills dealing with mortgage arrears have been introduced by Fianna Fáil which offered tangible solutions to the problem. There has been too much focus on the so-called systemic importance of the banks. It is time we realised the systemic importance of our people to the future of the country. We cannot continue to have a situation where families are overburdened with unsustainable debt and unable to contribute in the domestic economy.
“I welcome reports that a non-judicial resolution process for mortgage arrears could be introduced. However I must stress that any such system must seek to keep families in their homes.
“As elected public representatives it is our responsibility to bring forward tangible measures to protect families in arrears and ease their burden.
“I have called for substantive action many times on this issue. The Government have promised many false dawns in relation to this issue. There are enough proposals on the table now, including Fianna Fáil’s Family Home Bill 2011 and the Debt Settlement and Mortgage Resolution Office Bill 2011. The time for deliberation is over; real solutions are what the many families in crisis demand.”