Taoiseach secures AIB interest rate cut

Published on Tuesday, 11 October 2011 14:34

- D'Arcy calls Bank of Ireland “traitors to their customers and country” at failure to pass on rate cut Senator Michael D'Arcy was delighted that following their meeting with the Government this week, AIB have made a major u-turn and agreed to pass on the 0.25% ECB interest rate reduction to their variable rate customers.”I want to pay tribute to the efforts of An Taoiseach, Enda Kenny, in forcing this decision. In the current times every euro is vital to hard pressed families and the Taoiseach has clearly shown that he and the Governm

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Sharp bank practice forcing families and businesses into arrears

Published on Friday, 23 September 2011 12:13

55,000 people, or 7% of total mortgages, are now in arrears of 90 days or more, according to the Central Bank. Unfortunately, this situation is replicated in commercial lending where businesses are struggling with reduced demand and increased difficulty in getting paid. As a nation, never before have we been under as much financial pressure. Debt arrears is a huge problem and unfortunately looks set to continue into the future. However, this problem is being exacerbated by the banks forcing people off interest-only repayment schedules (for b …

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D’Arcy Welcomes Fraud Judgement

Published on Friday, 01 April 2011 12:12

The recent conviction of a FAS assistant manager for fraud is a damning indictment of the loose management practices at the state training agency, which allowed a single employee to defraud the exchequer of €600,000. I welcome the strong message sent out by Justice Pat McCartan that all those in a position of trust must recognise that if they breach this trust the full rigours of the law will be brought to bear on them. Not only has justice been done, but it has been seen to be done. This is vital if we are to regain the trust of the Irish peo …

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Youth mental health

Published on Monday, 14 February 2011 12:11

Youth mental health is such an important issue, especially in today's changing society. It is important that young people have rapidly accessible structures and services there to seek assistance and help when most needed and it should be a major priority for governement, at all times. I'm happy to be on board with this campaign and fully support youth mental health being on the political agenda. …

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Tackling the Scourge of Forced Emigration

Published on Wednesday, 09 February 2011 12:10

An issue that is coming up again and again on the doorsteps is the scourge of forced emigration, Fine Gael General Election candidate Michael D'Arcy says. “I'm meeting parents preparing to uproot their families to relocate to places like Australia and Canada because they've lost their jobs here. I'm also meeting young people making plans to emigrate to find work, joining thousands of others who've already done so. Our best talent is being lost, the very people who want to work and have contributed to the economy.” “Everything pos …

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D’Arcy Critical of Mortgage Rate Hike

Published on Wednesday, 09 February 2011 12:10

Permanent TSB's plan to raise its standard domestic mortgage rate by 1% has been roundly criticised by Fine Gael general election candidate Michael D'Arcy. “An interest rate raise of 1% will take €1.4 billion out of the economy if the other Irish banks follow this – that's the amount people will have less in their pockets to spend. I am firmly against any measures that increase the burden on hard-pressed working families” D'Arcy added, saying “they are already being squeezed way too hard as a result of the income tax increase …

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Generations of Public Service

michael darcy Did you know Michael Darcy Senior (Michael's Father) has served as a public representative for North Wexford and Fine Gael since the 70's, playing a huge part in various projects and amenities.

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fine gael If you wish to discuss something or are looking for assistance on a project or issue important to you we welcome your query. Appointments can me made to visit my constituency office in Gorey and as a public servant my doors are always open.

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