As homes are repossessed what is the Government doing?

Posted on December 10, 2008 at 03:28 PM

The last couple of months have shown that we are not living in ordinary times; this week alone saw 37 homes lost through repossession in the courts. It is clear that these times call for extraordinary measures.

During his key speech at our recent party conference the Labour Leader Eamon Gilmore spoke of actions that could and should be taken to ensure that people who are struggling in the current economic times do not lose their homes. Most people fear losing their job but this is surpassed by the thought of losing your home.

As the threat of repossession is hanging over some people the numbers of people on local authority waiting list climbs.

During Leaders' Questions today Eamon called this 'the biggest social ticking timebomb'.

You can watch Eamon's contribution on the accompanying video and read the full transcript of the exchange on the Oireachtas website.

Let us know what you think, have you been affected by any of this? Do let us know in the comments.

Tagged with Finance • economy