The Mayor of Clare has accused the Minister for Finance of a "pathetic cop-out" in his handling of increased interest rates by the banks.
Leading calls by members of Clare County Council for a moratorium on interest hikes, Shannon Councillor Tony Mulcahy said he won’t accept Minister Brian Lenihan’s statement that interest and charges are a matter for the banks, now that they’ve been bailed out by the taxpayer.
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Other councillors described the banking crisis as the betrayal of the nation, and likened the recession to the famine times, agreeing that it’s time to call a halt to the hardship.
Councillor Mulcahy said the public can’t and shouldn’t tolerate an increase in interest
