Phil Hogan criticises banks over rates for young farmers

Irish banks were severely criticised over the weekend by European Commissioner for Agriculture and Rural Development Phil Hogan.

Mon, 26 Oct, 2015 - 00:00

Stephen Cadogan, Farming Editor

“It is not acceptable in Ireland for financial institutions to charge 170 basis points more than they should, for short term loans to farmers,” he stated.

He was addressing the annual young farmers conference of Macra na Feirme last Saturday in Macroom.

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Place: Ireland Place: Macroom Place: Claremorris Place: Macra Person: Phil Hogan Person: Hogan Person: Kevin Moran Person: Agriculture Minister Person: Simon Coveney Event: Macra na Feirme Organisation: European Commissioner Organisation: European Investment Bank Organisation: EU Organisation: EIB Organisation: Irish Government Organisation: France Organisation: Italy

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