Oireachtas Joint and Select Committees

Thursday, 20 October 2016

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Central Bank (Variable Rate Mortgages) Bill 2016: Discussion

10:00 am

Photo of Paddy BurkePaddy Burke (Fine Gael) | Oireachtas source

I welcome Mr. Burgess, Mr. McNally and Mr. Goor. I think they have all confirmed what we have all been expressing over the past number of years and why legislation like this is needed. Mr. Burgess said that European banks' interest rates are far lower and that customers can get long-term loans in other European countries at much lower interest rates. How can those banks do that and Irish banks and European banks operating here cannot?

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