IMF
Compares
Ireland to
Florida &
California,
Tells ICP of
Faster
Foreclosures
UNITED
NATIONS, April
3 -- Amid
reports that
the
International
Monetary Fund
is pushing
Ireland to
ease and speed
up the
repossession
of homes for
mortgage debt,
Inner City
Press on
Wednesday
asked the
IMF's Ireland
Mission Chief
Craig Beaumont
to compare the
situation
there to that
in the United
States.
Beaumont
told
Inner City
Press that
Ireland is
“not too
different from
Florida,
Nevada and
California,
where arrears
rose quite
high. There
is something
to be
learned,” he
said.
But
what?
Beaumont
said
that the IMF
“will be
monitoring how
the reform,
removing an
unintended
barrier to
repossession,
how that
impacts the
actual
number of
cases moving
forward and
time taken to
conclusion.”
Conclusion,
it
seems, is the
loss of the
home. Beaumont
referred Inner
City Press
to the IMF's
report under
embargo until
11 am
Wednesday, US
East
Coast time (4
pm in Dublin,
from where
Beaumont
spoke). We'll
have
more on that.
Watch this
site.
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