Dáil debates

Wednesday, 12 October 2011

10:30 am

Photo of Micheál MartinMicheál Martin (Cork South Central, Fianna Fail)

That was to happen in July but it did not happen. The Taoiseach also committed that interest increases arising from ECB interest rates would be absorbed by the banks, not mortgage holders. This has not happened and there have been two ECB increases. How quickly will the Government act on this report and how quickly will legislation be introduced as a result of this report to give relief to the 800,000 people the Taoiseach mentioned? We have the legislation ready and it is based on substantive work undertaken. In addition to what was done already, I would urge the Taoiseach not to be political about this like all his cheerleaders. He should be sensible and practical and enact this Bill.

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