Brendan Burgess
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Central Bank is not asleep at the wheel, governor Gabriel Makhlouf insists
CENTRAL Bank governor Gabriel Makhlouf has rejected claims that his organisation is “fast asleep” when it comes to helping mortgage prisoners whose loans were sold to vulture funds.

Mr Makhlouf said there was now a team of people working hard in the Central Bank on the issue of mortgage prisoners. “To say that they are sort of asleep is just wrong.”
What hard work are they doing?
Makhlouf encouraged the banks to raise mortgage rates in line with the ECB increases even though Irish variable mortgage rates had been the highest in the eurozone.
They are not asleep at the wheel. They are wide awake but just refusing to do anything.
Brendan