A Waterford economist claims people in financial difficulty could find themselves in a nightmare situation with their bank.
It follows yesterday's decision by the five main banks not to extend mortgage breaks beyond tomorrow.
The scheme was introduced in March to help customers whose jobs were impacted by the pandemic.
It's understood banks will continue to offer the break on a case-by-case basis, but Waterford economist Jim Power, doesn't have faith in them:
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"I feel individuals who are in difficulty could find themselves in a nightmare situation with their financial institutions, unless there's really strong pressure coming from the central bank and Government."
