Aubrey McCarthy (Independent)

I thank the Leas-Chathaoirleach, and I thank the witnesses for their presentation. As they can see, I am fairly new, so I did not know Deputy McGrath had to read that.

I want to address what Deputy Stanley mentioned there about the 100% mortgages, and I know Dr. Cassidy and Dr. O'Toole mentioned it as well. They mentioned the lower loan-to-value for the banks, so they are in a much safer position. I wonder, with starter homes in Dublin around €400,000 to €500,000, how come the 100% or 110% mortgages, which were a disaster in Ireland, work really well in the likes of Germany, and they have been reintroduced recently in the UK? How come we cannot make it work? Is it the Irish psyche or is it our banking system?