Dublin makes it easier to repossess homes

Article reported that the Irish government promised the Troika of the European Commission, European Central Bank and International Monetary Fund in December 2012 that it will give banks the legal power to repossess homes more easily amid a growing mortgage crisis that threatens to derail the country’s recovery.

A major analysis feature in the Financial Times in April 2013 suggested that Ireland faced a mortgage crisis that could trigger mass evictions and jeopardise stability.

Irish Times, 12.12.12: Coalition to fix loophole to enable banks to seize homes http://www.irishtimes.com/newspaper/breaking/2012/1212/breaking3.html

ESO: Background information: Mortgage crisis escalates in Ireland http://www.europeansources.info/record/mortgage-crisis-escalates-in-ireland/

Wikipedia: Irish property bubble http://en.wikipedia.org/wiki/Irish_property_bubble

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