IFA Launches Framework For Negotiations With Vulture Funds

IFA President Joe Healy today (Wed) announced the key principles the Association will apply in dealing with vulture funds in support of farmers with credit difficulties, as well as a strengthened farmer support network to deal with individual credit cases. The farm leader said that he wanted to send a strong and clear message that anybody […]

Rural Ireland must not become a carcass for US Vulture Funds

Independent TD Mattie McGrath has expressed his deep concern at reports that US based Cerberus Capital Management is set to ramp up repossessions of several hundred farms in rural Ireland. Deputy McGrath was speaking after the Irish Independent Farming Section broke the news that that as many as 200 farmers may be affected since the […]

Central Bank Comments On Vulture Funds Raise Serious Questions For Government – Matt Carthy MEP

Sinn Féin MEP Matt Carthy has said that comments made by Central Bank Deputy Governor Sharon Donnery raise serious questions about the government’s failure to regulate vulture funds and protect Irish borrowers. Carthy, a member of the Economic and Monetary Affairs Committee in the European Parliament, said: “Comments reported in the media made by Sharon […]

Carthy Questions ECB On Tax Avoidance By Vulture Funds

Sinn Féin MEP Matt Carthy has today questioned the European Central Bank, requesting that it investigate tax avoidance by banks under its direct supervision who are acting as ‘vulture funds’ in the Irish state. Speaking from Strasbourg, Carthy said: “Banks are increasingly selling off distressed mortgages to vulture funds at reduced prices, who have proven […]

Vulture Funds should be subject to Compulsory Purchase Orders – McGrath

Independent TD Mattie McGrath has backed the Master of The High Court Edmond Honohan in his call for serious consideration to be given to the use of Compulsory Purchase Orders (CPO) by the State. Deputy McGrath was speaking after Mr Honohan criticised the acting Minister for the Environment Alan Kelly for claiming the existence of […]