Richard Bruton (Dublin North Central, Fine Gael) | Oireachtas source

While we feel for the people who are losing their jobs but we also recognise that we are making real progress. We are seeing parts of the economy that grew too big, which unfortunately included banking and property, adjust to a new reality. We are creating employment in other sectors that are long term and sustainable. That is part of an ongoing transition that is taking place.

The Deputy also raised the issue of people who are in mortgage distress. The Government has taken enormous pains to provide a framework within which such people can be protected.

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