Dáil debates

Wednesday, 27 October 2010

Macro-Economic and Fiscal Outlook: Statements

 

4:00 pm

Photo of Fergus O'DowdFergus O'Dowd (Louth, Fine Gael)

Tens of thousands of people are facing negative equity or have loans which they will never be able to repay because they were in effect sub-prime borrowers. There is no getting away from that fact.

The IMF is deciding the limits of what we can do and the next budget will have massive impacts for those who have the least in our society. The Government's policies during the boom fed the avarice of a small number of rich people.

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