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
Paddy 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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