Irish judge Edmund Honohan calls for new debt laws
A High Court judge in Dublin has criticised banks and other credit institutions for pursuing ruthlessly those unable to pay their debts.
RTE reported that during a hearing on Tuesday Edmund Honohan said the pursuit of some people was leading to social disquiet and even suicide.
He said new laws were needed to be protect those unable to pay their debts.
This could include a level of debt forgiveness, he added.
Mr Honohan, who deals with a range of civil applications, said that some banks were "cheerleaders for the Celtic Tiger" but warned that they would not always win in court.
Referring to debt forgiveness, he added: "Why should there be an incentive to cause untold harm socially when there is no money at the end of the road?'"