Oireachtas Joint and Select Committees
Thursday, 8 December 2016
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Central Bank (Variable Rate Mortgages) Bill 2016: Central Bank of Ireland
9:30 am
Mr. Ed Sibley:
They are much higher for the reasons I have given. The level of defaults in Ireland is up to ten times higher than in other eurozone countries. The figures are in the table I circulated. The mortgage market here has other differences when compared with other countries. There are, therefore, fundamental reasons.
No comments