John Deasy (Waterford, Fine Gael) | Oireachtas source

That is fair enough. The number of people in question who are on variable rates versus tracker mortgages is small. There is an element of injustice. They believe that they are being targeted constantly, in that their rates are being pushed up while tracker mortgages are protected from the banks by the European Central Bank, ECB. Does Mr. Moran understand my point?

The line is that we must allow the banks to become more profitable. Variable interest rates continue to increase. Simultaneously, the Government claims that this situation is its greatest issue. It comes down to people's ability to pay. In their opinion, the Government must step in and exert some influence on the banks to prevent them from increasing an already unpayable rate. I understand what Mr. Moran means as regards-----