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by purple_ducks
2446 days ago
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> having the highest mortgage rates in Europe in order to get the banks into profitability That is not the case. Any EU bank can sell mortgages in Ireland. They choose not to because there is not a functioning property market. Homeowners who don't pay their mortgage can't be kicked out of their home by the banks and also those same homeowners just can't walk away and put the keys back in the letterbox. The first reason being the most problematic. |
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