Archive for June 2012
Mortgage arrears measures will help keep families in their homes- Harrington
Fine Gael Cork South West TD, Noel Harrington, has welcomed a range of measures announced by the Government to assist people who are in mortgage arrears. The measures are aimed at allowing families who are in mortgage difficulty to stay in their homes, and providing advice and incentives for people with unsustainable mortgages.
The measures taken by the Government to assist those in mortgage difficulty include: the Personal Insolvency Bill, the Mortgage to Rent Scheme and information and guidance resources for at risk mortgage holders. In addition lenders have suggested options to the Central Bank for mortgage arrears resolution measures such as split mortgages.
“The measures introduced this week are an effort to assist families and individuals who are facing difficulties in repaying their mortgages. Each family or individual in mortgage arrears faces unique difficulties and with that in mind it’s appropriate that the Government has created a range of solutions to help mortgage holders in difficulty.
Visitor numbers hold up despite challenging global economic climate
Minister Varadkar at opening of Mizen Footbridge August 2011
Minister for Transport, Tourism & Sport Leo Varadkar has said the latest CSO figures show overseas visitor numbers to Ireland are holding up compared to last year.
The new figures for March to May 2012 show that in spite of the economic uncertainty in the global market, visitor numbers were relatively unchanged. The figures for the first five months of the year were broadly in line with 2011 levels with a marginal decrease of 0.7%.
“Last year we saw growth in overseas visits to Ireland for the first time since 2007. While the figures have been on a par this year, I remain confident that we will see growth in the months ahead. I know the industry remains positive for the peak season based on enquiries and bookings, although clearly the outcome will depend on global economic conditions and consumer confidence being maintained in our key markets,” Minister Varadkar said.
Personal Insolvency Bill will provide workable solutions for debt management for the people of Cork South West – Harrington
Radical reform of insolvency legislation will help those struggling with unsustainable debt to find a way out
Fine Gael Cork South West TD, Noel Harrington, has today (Fri.) welcomed the publication of the new Personal Insolvency Bill 2012, which will fundamentally reform insolvency laws in Ireland and provide a lifeline for those who are struggling with unsustainable debts.
“This Bill will radically change the face of insolvency law in Ireland and will provide a workable solution to those struggling to cope with unmanageable debt levels. It will also see the automatic discharge period for bankruptcy being reduced from 12 to 3 years, bringing Ireland in line with European norms.
Government secures major breakthrough on bank debt – Harrington
Fine Gael TD, for Cork South West, Noel Harrington, has welcomed the agreement reached by the Taoiseach, Enda Kenny, and other EU leaders in Brussels, saying the Government has secured a significant breakthrough on our banking debt.
“This is a major step forward for Ireland. Thanks to the agreement reached at the EU Summit in Brussels we are breaking the link between bank debt and the public finances; which is a hugely positive development. The Taoiseach has been pushing forward this approach on a consistent basis; our colleagues in Europe have now listened to the case the Government has been making.