Gilmore: Stop house repossessions during recession

THE Government should prohibit banks from foreclosing or repossessing homes for the duration of the recession, Labour leader Eamon Gilmore has said.

In addition, the Government itself should be aiming to spend more, not less, as it attempts to revive the economy, he argued.

Speaking at a party conference in Co Kilkenny, Mr Gilmore accused the Government of being willing to bring “the worst form of vulture capitalist” into Ireland to prop up the banks.