SVP says floods and state caused cash crisis

THE St Vincent de Paul’s Cork financial crisis is the direct result of the November 2009 floods which hit the city and the complete lack of state help for the self-employed, it has been claimed.

Speaking after the Irish Examiner revealed the group’s Cork section is facing financial ruin early next year, the regional president of the charity, Brendan Dempsey, said this is mainly due to the two crises.

Mr Dempsey said the group has seen a 43% rise in contacts compared with the 30,000 people it helped last year, with a large number seeking support because of flood-related costs.