Irish banks “profiteering” on mortgages - Kelleher

October 7, 2021

Billy Kelleher has accused banks of unfairly profiteering on mortgages. Interest rates on mortgages in Ireland are running at more than double the Eurozone average, according to data from the European Central Bank. Fianna Fáil MEP, Billy Kelleher, says in part it is because, since the 2008 financial crisis, Irish banks have had to maintain bigger cash reserves compared to other European countries. But he claims the banks are also being greedy and charging too much.

Out words: Through the system

Dur: 0’21”

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