Irish Social Protection Minister Joan Burton said banks have a responsibility to engage with “distressed” home-loan borrowers “on a case by case basis.”
Anglo Irish Bank Corp. and Irish Nationwide Building Society, which took a 34.7 billion-euro ($49.7 billion) bailout, “are in a different basket” to Ireland’s other lenders, said Social Protection Minister Joan Burton.
Following is a transcript of European Central Bank President Mario Draghi’s comments from his monthly news conference in Brussels today.
Irish Deputy Prime Minister Eamon Gilmore resigned as Labour Party leader after a rout in local and European elections wiped out much of its support.
"There has been a problem in terms of the price of houses rising in the Dublin area in particular."
- Joan Burton on Sep 03, 2014